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RBI cancelled Certificate of Registration of four NBFCs

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.




March 2017 Current affairs
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS
21 MAR
NEWS
20 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS



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