RBI cancels Certificate of Registration of 30 NBFCs

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date
1. Pentafour Commotrade Private Limited 44, Chakreberia Road (South), Kolkata-700 025, West Bengal B.05.05432 February 20, 2003 June 01 2018
2. MKF Finance Limited MKF Complex, Eluru Road, Opp. Bus Complex, Jangareddygudem, West Godavari, Andhra Pradesh 534 447 B-09.00219 December 01, 1998 June 19, 2018
3. Laila Finance Limited 40-15-14, Brindavan Colony, Labbipet, Vijayawada, Andhra Pradesh, Pin-520 010 B-09.00158 June 17, 2004 June 22, 2018
4. Meda Finance Limited 11/170A, Meda Ramaiah Mansion., Subhash Road, Anantapur-515 001, Andhra Pradesh B-09.00245 December 02, 2003 June 22, 2018
5. Subh Prabhat Multi Projects Ltd. Flat No. 402, H-Block, Panchsheel Apartments, 493/B/1, G T Road (South) Howrah-711 102, West Bengal 05.02421 May 16, 1998 June 27, 2018
6. Classic Fintrex Pvt Ltd Block DB-80, Salt Lakr City, Sector-1, Kolkata-700 064, West Bengal 05.02597 June 04, 1998 June 27, 2018
7. Chakrapani Consultancy Private Limited Flat No. E09.3, NBCC, VIBGYOR Tower, New Town, Rajarhat, Kolkata-700 156, West Bengal B-05.03610 October 15, 2001 June 27, 2018
8. Vikram Traders Private Limited Plot No. P-30, Phase III, Kasba Industrial Estate, Kolkata-700 107, West Bengal B.05.03696 August 27, 2003 June 27, 2018
9. Hi-Profile Investments Private Limited 1-2-597/1, IInd Floor, Lower Tank Bund Road, Hyderabad, Telangana 1-2-597/1, 3rd Floor, SLV Bhavan, Lower Tank Bund Road, Domalguda, Hyderabad-500 029 B-09.00282 December 07, 2000 June 28, 2018
10. P.A. Cotton Private Limited 63, Purna Das Road, Flat No. 2 C, 2nd Floor, Kolkata- 700 029, West Bengal B-05.05663 October 16, 2003 June 28, 2018
11. Vimal Securities Ltd 29B, Lake Place, 1st Floor, 1B, Kolkata-700 029, West Bengal 05.02789 August 14, 1998 June 28, 2018
12. Tatpar Resources Pvt. Ltd 46/1B, Diamond Harbour Road, Kolkata-700 027, West Bengal 05.01336 March 13, 1998 June 30, 2018
13. Rohini Traders & Exporters Limited 27, R. N. Mukherjee Road, Kolkata-700 001, West Bengal 05.00362 February 26, 1998 June 30, 2018
14. Harshreya Tradecom Privte Limited P-1, Mukhram Kanoria Road, Gupta House, PS- Golabari, Howrah-711 101, West Bengal B.05.05032 May 23, 2003 June 30, 2018
15. Adisun Investments Pvt. Ltd Navin Apartment, Flat No.s 5A & 6A, 3rd Floor, 29, Ballygunge Park, Kolkata-700 019 West Bengal 05.00547 March 02, 1998 June 30, 2018
16. Apurvam Tradelinks Private Limited 34A, Metcalfe street, 1st Floor, Kolkata 700 013 West Bengal 05.01455 April 06, 1998 June 30, 2018
17. Welplan Finance P Ltd 22, Govind Marg, M.D. Road, Jaipur, Rajasthan 10.00020 March 03, 1998 July 02, 2018
18. Akash Patal Financial Services Private Limited 205, Tonk Bhawan, Katla Purohoit JI, Johari Bazar, Jaipur, Rajasthan-302 003 10.00005 February 27, 1998 July 02, 2018
19. Nagavalli Financial Services Limited
(previously known as M/s Kakatiya Securities Limited)
D. No. 59A-8/9-3, Plot No. 22, Maruthi Co-operative Colony, Patamata, Vijayawada, Andhra Pradesh-520 008 B-09.00336 August 31, 2006 July 02, 2018
20. D C Finance And Leasing Company Limited 45, Tilak Nagar Kota, Rajasthan 324 007 10.00083 December 05, 1998 July 02, 2018
21. Parikshat Financiers limited 274, Parikshat Bhawan, Delhi Road, Meerut, Uttar Pradesh 250 002 B-12.00405 April 13, 2006 July 11, 2018
22. SRSL Securities Limited SRSL House, Pulla Bhuwana Road, National Highway 8, Udaipur, Rajasthan-313 004 10.00081 October 26, 1998 July 03, 2018
23. Vishwa Gayathri Hire Purchase & Finance Limited Vipanchi Estate, Main Road, Koratla Karimnagar Dist.-Telangana B-09.00297 March 15, 2011 July 03, 2018
24. K B Fincap Private Limited Old Bus Stand, Tapa Mandi, Dist.-Barnala, Punjab-148 108 B-06.00112 September 02, 2008 July 12, 2018
25. Panjtan Sadbhawna Finance and Investment Company Private limited Mohalla: Station Road, Nagina, Dist.-Bijnore, Uttar Pradesh-246 762 B-12.00219 August 31, 2000 July 05, 2018
26. Rachana Leasefin & Investment Limited 510/12, Rai Bihari Lal Road, New Haidrabad, Lucknow, Uttar Pradesh 12.00113 March 20, 1998 July 06, 2018
27. Sai Baba Hire Purchase Private limited Opposite Bhagatji Petrol Pump, Dhahaura Road, Chandpur, Bijnor-246 725, Uttar Pradesh B.12.00372 May 26, 2008 July 06, 2018
28. Baraut Credits Private Limited Bhagwan Mahavir Marg, Opp. Syndicate bank, Baraut, Uttar Pradesh-250 611 B-12.00438 June 20, 2018 July 10, 2018
29. Ambica Securities Private Ltd 28, Industrial Estate, Nunhai, Agra, Uttar Pradesh-282 006 B-12-00452 January 20, 2016 July 10, 2018
30. Parikshatgarh Motor and General Finance Company Limited 274, Parikshat Bhawan, Delhi Road, Meerut, Uttar Pradesh 250 002 B-12.00289 March 29, 2001 July 11, 2018

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/470

Source: RBI Press Releases

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