RBI cancelled certificate of registration of five NBFCs

Posted on:10 Sep 2016 18:08:38

RBI cancelled certificate of registration of five NBFCs
10 September 2016 Current Affairs: The Reserve Bank of India (RBI) has cancelled the certificate of registration of five non-banking financial companies (NBFCs) on 8 September 2016.

Now, these companies will not be able to 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.The cancelled non-banking financial companies (NBFCs) are

  • Simco Consultants Private Limited

  • Lunkad Securities Ltd

  • Rajvir Marketing and Investment Private Limited

  • Crystal Investments Limited   

  • Jaya Investments Agency Limited (formerly known as Arcot Finance & Agency Limited)   


The certificates were cancelled in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs August 2017

23 AUGUST
NEWS
22 AUGUST
NEWS
21 AUGUST
NEWS
19 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS