RBI cancels Certificate of Registration of 6 NBFCs

6/12/2018

Mumbai, The Reserve Bank of India (RBI) has cancelled the certification of Registration 6 NBFCs. RBI has cancelled the certification of Registration in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934 Companies whose Certificate of Registration are cancelled were M/s Pace Properties Private Limited,M/s Mahajan Vayapar Private Limited, M/s Apeksha Tours and Travel Private Limited ,M/s Ravindra Hire Purchase and Finance Private Limited,M/s Oceanic Leasing Company Private Limited and M/s RPS Finvest Private Limited. As such, these company 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.