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Home News News and Press Release Month 6 2014 2014 (6) This
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RBI cancels Certificate of Registration of three NBFCs

June 3, 2014
  • Contents

The Reserve Bank of India has cancelled the certificate of registration of three non-banking financial companies (NBFCs) for carrying on the business of non-banking financial institution. Following cancellation of registration certificate, the companies cannot transact the business of non-banking financial institution. The three companies are:

Sr. No.

Company's Name

Address of Registered Office

Certificate of Registration No. & Date

Date of cancellation

1.

Siber Financial Services Private Limited

D.No.27-14-49, II Floor, Raja Gopalachari Street, Governorpet, Vijaywada-520002

09.00220 December 1, 1998

April 30, 2014

2.

Sri Vishnu Finance & Investment Private Limited

Plot No.79, Road No.9, Jubilee Hills, Hyderabad-500033

B-09.00352 June 1, 2001

May 8, 2014

3.

Margdarsi Investment and Leasing Company Private Limited

6-3-570, Eenadu Complex, Somajiguda, Hyderabad-500082

B-09.00374 November 7, 2001

May 15, 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

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