RBI cancels Certificate of Registration of four NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued On | Cancellation Order Date |
| 1 | Kanva Shree Credit Private Limited (formerly known as MCI Leasing Private Limited) | No. 361, 2nd Floor, 19th Main Adj. to Diacon Hospital, Rajajinagar 1st Block, Bengaluru, Karnataka– 560 010. | B-02.00156 | April 05, 2017 | June 08, 2022 |
| 2 | Williamson Magor & Co. Ltd. | 4, Mangoe Lane, Kolkata, West Bengal- 700001 | N-05.05534 | March 31, 2003 | June 29, 2022 |
| 3 | Galaxy Capital Finance Limited | 19/X – 1 Krishna Puram, Kanpur, Uttar Pradesh – 208007 | 12.00069 | March 02, 1998 | June 29, 2022 |
| 4 | SRS Finance Limited | SRS Multiplex, Mezzanine Floor, City Centre, Sector-12, Faridabad, Haryana- 121007 | N-14.03202 | December 31, 2009 | June 29, 2022 |
As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
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