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.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs February 2018

19 FEBRUARY
NEWS
18 FEBRUARY
NEWS
17 FEBRUARY
NEWS
16 FEBRUARY
NEWS

Current Affairs January 2018

31 JANUARY
NEWS
30 JANUARY
NEWS
29 JANUARY
NEWS
28 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS