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RBI cancels certificate of registration of eight NBFCs

The Reserve Bank of India (RBI) on Tuesday cancelled the certificate of registration for the following eight 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.

The companies are as follows:

1-M/s Sehajpal Estates & Finance

2-M/s Dhanwan Leasing and Finance Company Ltd

3-M/s Esteem Investments Limited

4-M/s Deesha Tie-up Pvt. Ltd.

5-M/s City Commercial Investment Company Private Limited

6-M/s VVD Finance and Leasing Limited

7-M/s O T G Global Finance Limited

8-M/s Arihant Finvest LimitedRatan Deep Building, Dinesh Goswami Road, A. T. Road, Guwahati

Following the cancellation of registration certificate, the apex bank notified that 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 .

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