The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following two non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | Issued On | Cancellation Order Date |
| 1 | M/s GFL Financials India Limited | 10/2, Ramganj, Jinsi, Indore – 452002 | B.03.00159 | August 24, 2002 | October 18, 2017 |
| 2 | M/s Alagendran Finance Limited (Presently M/s Sai Jeevadhara Finance Limited) |
No. 43-E, II Floor, New Avadi Road, Kilpauk, Chennai – 600010 | B-07.00254 | May 02, 2005 | October 18, 2017 |
Following the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.
Ajit Prasad
Assistant Adviser
Press Release: 2017-2018/1497
