RBI cancels Certificate of Registration of Three NBFC’s. Read here.
Three non-banking financial companies (NBFCs) have had their certificates of registration revoked by the Reserve Bank of India (RBI). Bharathu Investment & Finance India Limited, Cox & Kings Financial Service Limited, and PSPR Enterprises Private Limited are the impacted companies.
As per further information from the RBI, 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 cancelled the Certificate of Registration of the following companies.
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued On | Cancellation Order Date |
| 1 | Bharathu Investment & Finance India Limited. | East Gandhi Maidan, Jehanabad, Bihar-804408 | B-15.00013 | September 26, 1998 | January 17, 2024 |
| 2 | Cox & Kings Financial Service Limited | 1st Floor, Turner Morrison Building, 16 Bank Street, Fort, Mumbai, Maharashtra – 400001 | N.13.02242 | May 18, 2018 | January 17, 2024 |
| 3 | PSPR Enterprises Private Limited | 707, 7th Floor Gopal Heights, Plot No D-9 Shubhash Place Pitampura, Rani Bagh, North West Delhi, Delhi – 110034 | B-14.01725 | June 15, 2017 | January 25, 2024 |
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.
Shreyas Vange
https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57298
