RBI cancels Certificate of Registration of 25 NBFCs

RBI cancels Certificate of Registration of 12 NBFCs
July 20, 2018
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August 7, 2018

RBI cancels Certificate of Registration of 25 NBFCs

The Reserve Bank of India, in the 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. Company’s Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation
1 ABS Leasing & Financing (India) Limited Ranjitpura, Kurali-Morinda Road, District- Ropar, Rupnagar, Punjab B-06.00488 September 12, 2008 May 30, 2018
2 Akal Finlease Limited 13, New Guru Nanak Market, Shashtri Nagar, Batala, District Gurdaspur, Punjab-143505 A-06.00324 July 16, 2007 May 30, 2018
3 Allepy Investment & Trading Co. Pvt. Ltd. 341 K-1, Mundian Khurd, PO Sahabana, Chandigarh road, Ludhiana, Punjab B-06.00560 October 29, 2002 May 30, 2018
4 Amarjit Finance Limited 36, G.T. Road, 2nd Floor, Gobind Niwas, Jalandhar, Punjab-144001 A-06.00529 September 19, 2007 May 30, 2018
5 Ankit Hire Purchase Private Limited Main Bazar, Ghumarwin, Bilaspur, Himachal Pradesh B-06.00459 August 28, 2008 May 30, 2018
6 Berkeley Finance Ltd. SCO No 1, Pocket No. 1, NAC, Chandigarh Kalka Road, Manimajra, Chandigarh B-06.00228 December 15, 1999 May 30, 2018
7 Capro Financial Services Limited SCO 1064-65, Basement Cabin No. 11, Sector 22-B, Chandigarh-160022 B-06.00540 May 14, 2002 May 30, 2018
8 Consolidated Dealers Limited SCF-80, Sector 47-D, Chandigarh-160047 B-06.00375 December 19, 2000 May 30, 2018
9 Dee Aar Finance and Investment Pvt. Ltd. Lally Niwas, G.T.Road Jalandhar, Punjab B-06.00534 May 14, 2002 May 30, 2018
10 Ess Dee Hire Purchase Limited W 2/687, Ferozepur Road, Moga, Punjab A-06.00442 February 07, 2008 May 30, 2018
11 Ess Ess Kohli Finance and Leasing Private Limited Plot No. 147 Transport Nagar, Near Sadar Thana , Patiala , Punjab 06.00153 January 05, 1999 May 30, 2018
12 Falcon Foundation Private Limited SCO 120-121, 1st Floor, Sector 8 C, Madhya Marg, Chandigarh – 160009 B-06.00520 October 8, 2001 May 30, 2018
13 Farid Finance Company Private Limited Shop no. 11, Kalgidhar Market, Ropar, Punjab – 140001 B-06.00329 July 20, 2000 May 30, 2018
14 Good Luck Finance Private Limited Kurali Road, Ropar, Punjab B-06.00311 June 29, 2000 May 30, 2018
15 Jagat Leasing Limited 36, G.T. Road, 2nd Floor, Gobind Niwas, , Jalandhar, Punjab A-06.00219 September 19, 2007 May 30, 2018
16 Jaguar Hire Purchase Private Limited # 18-19, Rajinder Nagar, Police Lines Road, NV Complex, Jalandhar, Punjab – 144001 B-06.00226 May 12, 2008 May 30, 2018
17 Kooner Leasing Private Limited 924, Ist Floor , GT Road, Near Bus Stand Jalandhar , Punjab 06.00056 March 11, 1998 May 30, 2018
18 Majha Finance Limited 118-A, Railway Link Road, Opposite Railway Station, Amritsar, Punjab – 143001 B-06.00447 May 23, 2013 May 30, 2018
19 Malwa Capital and Finance Limited 230, Oswal Road, Industrial Area, Ludhiana, Punjab – 141003 06.00017 February 27, 1998 May 30, 2018
20 Mount Shivalik Investments Limited Bhankarpur Distt – Mohali Punjab 06.00103 April 30, 1998 May 30, 2018
21 Pacific Finlease Private Limited # 20, Sector 8-A, Chandigarh B-06.00332 July 20, 2000 May 30, 2018
22 Parakeet Finvest Private Limited D-37, Phase – V, Focal Point Ludhiana, Punjab N-06.00461 February 27, 2001 May 30, 2018
23 Rashi Credit and Investments Limited # 2350/3, Mariwala Town, Manimajra, Chandigarh 06.00065 March 18, 1998 May 30, 2018
24 Savitri Projects and Management Consultants Limited SCO-35 , Sector -26, Chandigarh -160019 06.00053 March 10, 1998 May 30, 2018
25 SGR Financial Services Limited 1st Floor SCO -148/149, Sector -34 A Chandigarh- 160034 B-06.00215 September 30, 2005 May 30, 2018

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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