Deepak Gupta | Apr 22, 2019 |
5 NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India.
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 therefore cancelled their Certificate of Registration.
| Sr. No. | Name of the Company | Office Address | CoR No. | Issued On | Cancellation Order Date |
| 1 | Motilal Oswal Financial Services Limited | Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. S T Depot, Prabhadevi, Mumbai-400 025, Maharashtra | B-13.01830 | April 05, 2006 | March 14, 2019 |
| 2 | J.P. Morgan Advisors India Pvt. Limited | J.P. Morgan Tower, Off C.S.T. Road, Kalina, Santacruz (E),Mumbai-400 021, Maharashtra | N-13.01878 | September 03,2007 | March 19, 2019 |
| 3 | Kettlewell Bullen & Co. Ltd. (Presently known as Gloster Limited) | 21, Strand Road, Kolkata-700001, West Bengal | 05.01847 | April 30, 1998 | March 20, 2019 |
| 4 | Moneta Finance Private Limited | 8, Electronics Complex. Chambaghat, Solan, Himachal Pradesh-173 213 | B-06.00384 | December 20, 2000 | March 27, 2019 |
| 5 | Bhushan Information Technologies Private Ltd. (Formerly known as Kalinga Pipes Ltd.) | 3, Industrial Area, Phase I, Chandigarh-160 002 | 6.0004 | March 05, 1998 | March 29, 2019 |
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 : 2018-2019/2496
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