RBI cancels Certificate of Registration of Six NBFCs

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ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਅਕਤੂਬਰ 12, 2021

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RBI cancels Certificate of Registration of Six NBFCs

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	M/s Cartel Finance and Investments Private Limited	KH. No. 773, Harcharan Bagh G/F, Andheria More, Mehrauli, New Delhi-110030	B-14.01612	March 08, 2000	July 05, 2021
2	M/s Alamgir Motor Finance Limited	186, St. No. 2, Dashmesh Nagar, Gill Chowk, Ludhiana, Punjab	A-06.00444	November 16, 2009	July 27, 2021
3	M/s Nau-Nidh Finance Limited	Ward No. 27, Raghbir Enclave, Opp. Shivalik Enclave, Near Chungi No. 03, Kotkapura Road, Moga, Punjab - 142001	06.00155	March 30, 1999	July 27, 2021
4	M/s Kim Investment Limited	206-207, Chaudhary Complex, Hide Market, Amritsar, Punjab-143001	A-06.00541	June 29, 2007	September 01, 2021
5	M/s Sambandh Finserve Private Limited	Plot No. O-4/9, Civil Township, PS. Raghunathpalli, Rourkela, Sundargarh, Odisha- 769004	04.00023	November 01, 2010	September 09, 2021
6	M/s BTL Holding Company Limited	SRS Multiplex, Top floor, City Centre, Sector-12, Faridabad, Haryana-121007	N-14.03297	March 05, 2014	September 17, 2021

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.

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/1032