RBI cancels Certificate of Registration of two NBFC
New Delhi: The Reserve Bank of India, in exercising powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of two Nonbank Financial Institutions.
It includes BRD Securities Ltd and Lakshmi Finance Private Limited. CoR was Issued to BRD Securities Ltd on May 29, 2017 and Cancellation Order Date is March 13, 2023. CoR Issued to Lakshmi Finance Private Limited on May 24, 2018, Cancellation Order Dated March 27, 2023.
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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.
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