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RBI cancels Certificate of Registration of M/s Prashant Industries Pvt Limited and P.D.Industries Pvt Limited
September, 24th 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 Prashant Industries Pvt Ltd

10/C, Middleton Row, 3rd Floor, Kolkata-700 071

CoR No-05.01443 dated April 6, 1998

August 22, 2014

2

P.D. Industries Pvt. Ltd

4B, Sopan Apartment, 63B, Bright Street, Kolkata -700 019

CoR-05.02502 dated May 25, 1998

August 22, 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: 2014-2015/615

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