RBI cancels Certificate of Registration of Three NBFC’s. Read here.

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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 CompanyRegistered Office AddressCoR No.CoR Issued OnCancellation Order Date
1Bharathu Investment & Finance India Limited.East Gandhi Maidan, Jehanabad, Bihar-804408B-15.00013September 26, 1998January 17, 2024
2Cox & Kings Financial Service Limited1st Floor, Turner Morrison Building, 16 Bank Street, Fort, Mumbai, Maharashtra – 400001N.13.02242May 18, 2018January 17, 2024
3PSPR Enterprises Private Limited707, 7th Floor Gopal Heights, Plot No D-9 Shubhash Place Pitampura, Rani Bagh, North West Delhi, Delhi – 110034B-14.01725June 15, 2017January 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

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