Case Brief
RBI cancelled the Certificate of Registration of 10 NBFCs under Section 45-IA(6) of the RBI Act, 1934. The named companies include Doyen Vyapaar Private Limited, Gaja Fincorp Private Limited, Torrent Merchandise Pvt Ltd, Lokpriya Trade & Agency Pvt Ltd, Ranisati Merchandise Pvt Ltd, Mahima Commercial Company Pvt Ltd., Yoyoma Trading Pvt. Ltd., Veshnawy Vyapaar Pvt Ltd, Easey Credit Pvt Ltd, and Raikot Finance and Investment Pvt Ltd. Following cancellation, these entities are not permitted to transact the business of a Non-Banking Financial Institution as defined in the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal