RBI cancelled Certificate of Registration of four NBFCs

Posted on:11 May 2016 09:32:08
RBI cancelled Certificate of Registration of four NBFCs
11 May 2016 Current Affairs: The Reserve Bank of India (RBI) on 10 May 2016 cancelled the certificate of registration of the four Non-Banking Financial Companies (NBFCs).

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

NBFCs whose certificate of registration were cancelled include

  1.  M/s Neelanjali Engineering Private Limited

  2. M/s Novoflex Tradecom Private Limited

  3. M/s Guide Investments and Trading Co. Pvt. Ltd

  4. M/s Enol Ventures Private Limited


Apart from this, seven Maharashtra-based Non Banking Financial Institutions have surrendered their registration certificates following which they won't be allowed to transact their financial business. Out of the seven firms who have returned their licences, six are based in Mumbai and one in Pune. These include


  1. M/s V.H Doshi & Sons Investment Pvt. Ltd.

  2. M/s Vinodchandra Doshi Investment Co Private Limited

  3. M/s Samarth Doshi Investment Co. Private Limited

  4. M/s Echjay Overseas Trades Private Limited

  5. M/s Hari Mahavin Investment Private Limited

  6.  M/s Baroda Industries Private Limited

  7. M/s Eureka Finvest Private Ltd.


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs January 2018

23 JANUARY
NEWS
22 JANUARY
NEWS
21 JANUARY
NEWS
20 JANUARY
NEWS

Current Affairs December 2017

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

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS