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RBI cancelled certificate of registration of five NBFCs

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.


December 2016 Current affairs
9 DEC
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8 DEC
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7 DEC
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6 DEC
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5 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
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25 OCT
NEWS
24 OCT
NEWS
22 OCT
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September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
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24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
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27 AUG
NEWS
26 AUG
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25 AUG
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