Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of thirteen companies under Section 45-IA(6) of the RBI Act, 1934. The companies listed include Embro Finvest Limited, KMG Macro Investments Private Limited, Shri Sukta Investment & Finance Private Limited, Sun Invest Associates Limited, Swaws Credit Corporation India Private Limited, Sun-Star Securities and Credits Private Limited, Supermax Fincap Private Limited, Signatureglobal Capital Private Limited, Nadia Printing & Packaging Private Limited, Savera Securities Private Limited, Adinath Investment and Trading Company, Ankur Services and Growth Fund Limited, and ARG Financial Services Private Limited. Following the cancellation, they 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.