The Reserve Bank of India (RBI) has cancelled the certificate of registration of the 22 non-banking financial companies (NBFCs), in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.
Name of the Companies:
1. M/s Kundan Leasing and Finvest Private Limited
2. M/s Amazan Capital Limited
3. M/s Vuma Maheswara Finvest Limited
4. M/s Nawalsons Holdings Private Limited
5. M/s Raseera Investments Private Limited
6. M/s Surin Investments Private Limited
7. M/s M3 Investment Managers Private Limited
8. M/s Mascot Commerce Pvt. Ltd.
9. M/s Integrity Trading Company Private Limited
10. M/s Limtex Impex Private Limited
11. M/s Shyamashree Foods Pvt. Ltd.
12. M/s Vrindavan Services Private Ltd.
13. M/s Nirankar Investments Private Limited
14. M/s Dignity Motors Finance Limited
15. M/s Credence Securities Private Limited
16. M/s International Steel Industries Limited (Formerly Chitalia Infotech (I) Ltd.)
17. M/s Trepechy Textile Limited (Formerly Trepechy Finance Limited)
18. Akansha Consultancy Services Limited
19. Sierra Investments Limited
20. Priyam Commercial Enterprises Private Limited
21. Bini Commercial Enterprises Private Limited
22. R.R.Securities Limited
