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.
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Sr.
No.
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Company's Name
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Address of Registered Office
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Certificate of Registration
No. & Date
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Date of
cancellation
|
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1.
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M/s Avyaya Finance Ltd.
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Flat No.204, Plot No.83 & 84, Dwarakmai Enclave, Old Vasavi Nagar Karkhana, Secunderabad-500015
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B-09.00215
January 01, 2004
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May 30, 2014
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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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