Action on Excellence Broking & Finance
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 36 companies under Section 45-IA(6) of the RBI Act, 1934. These entities, all named in the release, can no longer transact the business of a Non-Banking Financial Institution as defined under the RBI Act.
In exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934, RBI cancelled the Certificate of Registration of 36 named companies. The order means these entities can no longer carry on the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act, 1934.
Severity Assessment
Cancellation of CoR is a licensing action that fully prevents the affected NBFCs from operating as non-banking financial institutions, which maps to severity 5.
All 36 affected companies must stop NBFC activities immediately and cannot legally carry on non-banking financial business. Customers and counterparties should no longer treat them as registered NBFCs.
Published as Excellence Broking & Finance (P) Ltd.
Published as Nilima Enterprises Pvt. Ltd.
Published as Westport Export Pvt Ltd
Published as Bihariji Securities Pvt Ltd
Published as Critcare Marketing Pvt. Ltd.
Published as Ziwani Barter Pvt Ltd
Published as Cindy Goods & Supply Pvt Ltd
Published as Crawford Plantations Pvt Ltd
Published as Jibralter Traders Ltd
Published as Welplan Distributors Pvt. Ltd.
Published as Adarsh Commercial Pvt Ltd
Published as Bimco Enterprises Pvt Ltd
Published as Purvanchal Leasing Ltd
Published as Abhani Securities Private Limited
Published as Clarionet Tracon Pvt Ltd
Published as Giri Financial Services Private Limited
Published as Bahubali Leasing Limited
Published as Dewpoint Agencies Pvt Ltd
Published as Lemos Syntex Pvt. Ltd.
Published as Indus Life Finance & Securities Private Limited
Published as Pacific Management Pvt. Ltd.
Published as Sandhu Auto Deposits Limited
Published as Sarita Computers Pvt Ltd
Published as Veronia Tie-Up Pvt. Ltd.
Published as Vikram Properties And Merchandise Private Limited
Published as Wintech Telecom Pvt. Ltd.
Published as Piyush Mercantile Pvt Ltd
Published as Brajanand Ispat Udyog Pvt Ltd
Published as Harrison Trexim Pvt. Ltd.
Published as Pratush Consultants Pvt. Ltd.
Published as Kotyark Distributors Pvt Ltd
Published as Ridhi Sidhi Sales Agencies Pvt Ltd
Published as Sanmin Impex Pvt. Ltd.
Published as Subh Chintak Commotrade Pvt. Ltd
Published as Viconic Merchants Pvt. Ltd.
Published as Viksit Trexim Pvt Ltd