Arbitration and Conciliation Act - During main arbitration proceedings, final relief of specific performance cannot be sought based on contingent contract, which stood abandoned because of negative covenant: HC (See 'Legal Desk') Companies Act - Petition for voluntary winding up can be allowed if whole procedure prescribed under law has been duly complied with: HC (See 'Legal Desk') GST: A Frightening but Fascinating Future world…! – Part IV (See 'TOG INSIGHT') IMA extends support for Ayushman scheme (See 'TOG News') Appointment of 5 NCLT Members subject to outcome of proceedings pending before CAT & Allahabad HC (See 'Dashboard') Naidu suggests farm sustainability & profitability over loan waiver (See 'TOG News') Telecom industry favors 5G auction in second half of 2019 (See 'TOG News') Gadkari reaffirms mission to make Chabahar port operational by 2019 (See 'TOG News') India keen to buy lithium & cobalt mines overseas (See'Corpbrief') GST: A Frightening but Fascinating Future world…! – Part III (See 'TOG INSIGHT') Panel set up to update social & economic responsibilities of business (See 'Corpbrief') Trade Marks Act - When contestants have registration of trade name in different classes but, duration of commencing business with that name is not clear, an ad interim order of injunction refraining contestant's right is not maintainable: HC (See 'Legal Desk') Companies Act - When as per terms of purchase order, title to goods are transferred to purchaser, once goods are loaded on ship then purchaser is liable to make payment even if goods are stuck with Customs: HC (See 'Legal Desk') Nokia signs five-year global IT infra & application services deal with HCL GAIL partners with Uber to catalyse CNG ecosystem in India Mega relief for power sector – Pariwartan scheme to protect value of assets (See 'Corpbrief') Govt to set up more rural Wi-Fi hotspots for better broadband connectivity (See 'Corpbrief') Adani Transmission acquires 100% equity in Ghatampur SPV Oyo starts China business with hotel rooms in 26 cities Renowned water conservationist predicts forced migration (See 'TOG News') Drive Against Shell Companies - A cul-de-sac! (See 'THE COB(WEB)' TIOL) Copyright Act - Defendant can be said to have infringed copyright of plaintiff if it sells similar goods by adopting label and packaging which is substantial reproduction of original artistic work: HC (See 'Legal Desk') SEBI Act - Restrictions from accessing securities market imposed by SEBI on director can be removed, if director is not found guilty of raising funds in violation of SEBI regulations in CBI and ED reports: SAT (See 'Legal Desk') Govt to review and come out with new plan for Air India CCI approves acquisition of Monsanto by Bayer AG u/s 31(7) of Competition Act Purchases from tribal artisans jumps by 166% in 2017-18 (See 'TOG News') EPFO subscribers to get option to hike investments in ETFs by this fiscal (See 'Corpbrief') MCA invites comments from stakeholders on introductory note and draft on Cross-Border Insolvency (See 'Cropbrief') BHEL gets Rs 1000 cr order for Emission Control equipment (See 'Corpbrief')

RBI cancels Registration of 17 NBFCs

Published: Oct 12, 2017

By TIOLCORPLAWS News Service

MUMBAI, OCT 12, 2017: SEVENTEEN NBFCs have surrendered their Certificate of Registration (CoR) after the Reserve Bank of India (RBI) cancelled their registration. The Names are as follows:

Sr.
No.
Name of the
Company
Office
Address
CoR No. Issued On Cancellation
Order Date
1 M/s Golden Trexim Pvt Ltd (Presently M/s Shri Jagannath Steels & Power Ltd) KJSA Office, Near MMTC Weigh Bridge, At/PO-Barbil, Keonjhar – 758035 05.00278 February 19, 1998 July 27, 2017
2 M/s Zimkele Plantations Pvt Ltd 55/3D, Ballygunge Circular Road, Kolkata – 700019 B.
05.06267
March 19, 2004 August 03, 2017
3 M/s Nicholas Piramal Pharma Private Limited (Formerly M/s Legend Pharma Pvt. Ltd.) 8th Floor, Piramal Tower, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013 B-13.01421 November 18, 2000 August 10, 2017
4 M/s GTZ Securities Limited Sidhartha Agency, Pritam Complex, Opposite Delhi Public School, Shaheedi Chowk, Jammu – 180001 B-11.00078 April 24, 2003 August 10, 2017
5 M/s DSP Merrill Lynch Capital Limited 17th Floor, A Wing, One BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051 N-13.01801 July 11, 2005 August 10, 2017
6 M/s Thrill Finance & Investment Ltd Ashok Raj Path, P.S. - Pirmohani, Patna – 800004 B-15.00034 October 09, 2001 August 17, 2017
7 M/s Oberoi Buildings and Investments Pvt Ltd 4, Mangoe Lane,
Kolkata – 700001
05.02791 August 13, 1998 August 21, 2017
8 M/s Oberoi Holdings Pvt Ltd 4, Mangoe Lane,
Kolkata – 700001
05.00534 March 02, 1998 August 21, 2017
9 M/s Oberoi Investments Pvt Ltd 4, Mangoe Lane,
Kolkata – 700001
05.02640 June 08, 1998 August 21, 2017
10 M/s Oberoi Leasing & Finance Co. Pvt. Ltd. 4, Mangoe Lane,
Kolkata – 700001
05.00364 February 26, 1998 August 21, 2017
11 M/s Ragini Holdings Private Limited 17/1C, Alipore Road,
Kolkata – 700027
B-05.03983 January 18, 2001 August 22, 2017
12 M/s KLG Finance Pvt Ltd SCO 121-124, Sector 43B, Chandigarh – 160036 B-06.00189 December 19, 1998 September 04, 2017
13 M/s Bhullar Hire Purchase Private Limited Booth No. 238, Sector 37-C&D, Chandigarh – 160037 B-06.00522 October 10, 2001 September 07, 2017
14 M/s Gagan Capital Services Private Limited SCO 2470, Sector 22-C, Chandigarh – 160022 B-06.00390 February 08, 2008 September 12, 2017
15 M/s Kanav Finvest Private Limited 81, Kennedy Avenue,
Amritsar – 143001
B-06.00482 April 09, 2001 September 22, 2017
16 M/s Bonjour Investment Company Private Limited Elphinstone Building, 3rd Floor, 10 Veer Nariman Road, Fort, Mumbai – 400001 B-13.01620 June 20, 2002 September 25, 2017
17 M/s Annilna Investment Private Limited 212/2, Off Soli Poonawalla Road, Hadapsar,
Pune – 411028
B-13.01912 September 02, 2008 September 25, 2017

Aforesaid Companies cannot transact the business of a Non-Banking Financial Institution any more.

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