2 NBFCs surrender their Certificate of Registration to RBI( Aug 09, 2018)

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. 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 therefore cancelled their Certificate of Registration.

Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date
1. G P Mass Finance Limited (previously known as Level Field Finance Limited) 4-5-37/1, Flat No. 204, Sri Sai Homes, Ist Lane, Vidya Nagar, Guntur-522 007, Andhra Pradesh B-09.00202 January 15, 2009 June 29 2018
2. Wellshine Investments & Financial Services Limited B-101, Harihar Residency, 20, Mannarpuram Main Road, 
Tiruchirappalli-620 020
B-07.00261 November 25, 2004 July 11, 2018

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.

Ajit Prasad
Assistant Adviser

Press Release: 2018-2019/359
Source: RBI

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