RBI cancels Certificate of Registration of Two 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 of the Company CoR No Date of issue of CoR Date of Cancellation of CoR
1. M. L. Singhi & Associates Private Limited A-7, Main Mahipalpur, New Delhi-110 037 B14.02447 September 07, 2001 December 13, 2019
2. Stanchart Securities Private Limited Siddhartha Resorts, Pakhowal Road, Near Omaxe Residency, Ludhiana, Punjab-141 003 B-06.00504 June 28, 2001 December 20, 2019

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: 2019-2020/1964

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