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RBI cancels Certificate of Registration of M/s Avyaya Finance Ltd
July, 12th 2014

The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the company cannot transact the business of non-banking financial institution.

Sr.
No.

Company's Name

Address of Registered Office

Certificate of Registration 
No. & Date

Date of
cancellation

1.

M/s Avyaya Finance Ltd.

 

Flat No.204, Plot No.83 & 84, Dwarakmai Enclave, Old Vasavi Nagar Karkhana, Secunderabad-500015

B-09.00215
January 01, 2004

May 30, 2014

The Reserve Bank can cancel the registration certificate of a non-banking financial company under the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/85

 
 
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