MCA prescribes fee payable for registration of offices (See 'Dashboad') MCA notifies October 05, 2018 as date of enactment of Rules for appointment & qualification of directors (See 'Dashboard') Govt amends Companies (Corporate Social Responsibility Policy) Rules, 2014 (See 'Dashboard') Govt amends Limited Liability Partnership Rules, 2009 (See 'Dashboard') Companies Act - When Respondent's challenge to constitutional validity of provisions of Companies Act, 2013 was only limited to grant of interim relief by way of release from Judicial custody, decision of High Court to held provisions apart from sections 212(6)(ii) & 212(7) as ultra vires is unsustainable: SC (See 'Legal Desk') SEBI Act - Veto rights accrue to Noticee, to protect value of their shareholding in USL, cannot be held similar to controlling interest as defined under regulation 2(1)(e) of SAST Regulations: SEBI (See 'Legal Desk') SAIL's EBIDTA rises to Rs 5200 Crore (See 'Corf Brief') NCLT allows Shivinder to withdraw plea against brother Tariff negotiations with US underway: Steel Minister WPI inflation drops to 4-month low of 4.53 % in August Govt amends Schedule V of Companies Act, 2013 (See 'Dashboard') Govt notifies sections 66 to 70 of Companies (Amendment) Act, 2017 w.e.f. September 12, 2018 (See 'Dashboard') Govt amends Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 (See 'Dashboard') Copyright Act - Considering philanthropic & spiritual nature of literary work involved and since parties has requested to dispose of suit, where defendant is ready to suffer injunction, matter is liable to be decreed in favour of plaintiff by way of damages only: HC (See 'Legal Desk') Companies Act - Section 164 of Companies Act 2013 for disqualification of directors for non filing of return for continuous period of three FYs was notified w.e.f April 1, 2014 and thus, ROC is not justified in taking first FY from April 1, 2013 to calculate period of default: HC (See 'Legal Desk') Fugitive Economic Offenders Act - a step in the right direction (See 'CORP EINSICHT') MCA notifies Rules to empower shareholders in deciding salary of managerial staff (See 'Corpbrief') Govt appoints Ms Tajinder Mukherjee, GM, NIACL as CMD of NICL (See 'Dashboard') Govt appoints Mr Girish Radhakrishnan, GM, NIACL, as CMD of UIICL (See 'Dashboard') Govt scraps need for approval regarding remuneration to managerial personnel beyond individual limits (See 'Corpbrief') Trademarks Act - Word 'PARAS' has acquired distinctiveness and is well known in area of milk & milk products, therefore, unauthorized use of same in respect of identical items amounts to violation under trademarks laws and constitute passing off: HC (See 'Legal Desk') SEBI Act - On failure to exercise proper due diligence in ensuring adequacy of disclosures for advancement of ICDs by group company in offer document of IPO, penalty is attracted: SEBI (See 'Legal Desk') GST - More needs to be done to incentivise 'sluggish' compliance! (See 'Cob(Web)' in 'TIOL') SIDBI-SKDRDP sign MoU to enhance credit delivery to micro enterprises (See 'Corpbrief') IEPF inks MoU with CSC to promote investor education (See 'Corpbrief') India hikes ethanol price by up to 25% Modi to hold a meeting this weekend over rupee & oil prices Govt amends National Institute of Design Act to include 4 new Institutions (See 'Corpbrief') Cabinet approves Transfer of land of Rashtriya Chemicals to MMRDA Cabinet okays Scheme to aid farmers (See 'Corpbrief') Cabinet approves transfer of RCF land to Mumbai Municipal Corporation (See 'Corpbrief') Competition Act - For provision of services for development & sale of residential apartments in Gurgaon, relevant geographic market cannot be extended to entire region of NCR, having regard to ecosystem of residential area in terms of infrastructural amenities: CCI (See 'Legal Desk') Trade Marks Act - In absence of any documentary evidence which establishes prior use by respondent, appellant cannot be altogether injuncted from using trademark at interim stage, if it has been functioning with such trademark from long time: HC (See 'Legal Desk') Fair Market Conduct - SEBI to crystallise view soon, says Tyagi (See 'Corpbrief') Govt working with RBI to check plummeting rupee 'Google Pay' - More time sought to comply with RBI norms Clarification in filing BEN-1 under the Companies Act, 2013-reg (See 'Dashboard') Govt amends Companies (Prospectus & Allotment of Securities) Rules, 2014 (See 'Dashboard') Copyright ACt - Use of plaintiff's mark 'NJAU' by defendant to sell its counterfeit products with prima facie view to trade upon from reputation of plaintiff's mark amounts to infringement of copyright and attracts monetary penalty - HC (See 'Legal Desk')

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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