RBI cancels Certificate of Registration of 8 NBFCs

RBI cancels Certificate of Registration of 8 NBFCs

Mumbai: The Reserve Bank of India (RBI) has cancelled the certificate of registration of Eight non-banking financial companies (NBFCs) RBi has cancelled the Certificate of Registration in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Companies whose Certificate of Registratio was cancelled are M/s Sehajpal Estates & Finance Pvt. Ltd,M/s Dhanwan Leasing and Finance Company Ltd,M/s Esteem Investments Limited,M/s Deesha Tie-up Pvt. Ltd,M/s City Commercial Investment Company Private Limited,M/s VVD Finance and Leasing Limited,M/s O T G Global Finance Limited and M/s Arihant Finvest Limited. Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

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