RBI cancels registration of two NBFCs

MUMBAI: The Reserve Bank of India (RBI) has cancelled registration of S K Capsec Pvt Ltd , and Sansun Leasing and Finance Private Ltd for carrying on the business of a non-banking financial institution after their exit from the business.

The RBI on April 19, 2011 cancelled the certificate of registation to S K Capsec Private Ltd for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business, the apex bank said in statement.

It cancelled the certificate Sansun Leasing and Finance Private citing the same reason, it said in another statement.

Samsun Leasing and Finance Private Ltd is a Dehradun- based company while S K Capsec Private Ltd is based in Varanasi.

After the cancellation of the registration certificate, the company cannot transact the business of a non-banking financial institution, the central bank stated.

Source: EconomicTimes