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 Prashant Industries Pvt Ltd
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10/C, Middleton Row, 3rd Floor, Kolkata-700 071
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CoR No-05.01443 dated April 6, 1998
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August 22, 2014
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2
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P.D. Industries Pvt. Ltd
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4B, Sopan Apartment, 63B, Bright Street, Kolkata -700 019
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CoR-05.02502 dated May 25, 1998
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August 22, 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: 2014-2015/615
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