RBI cancels Certificate of Registration of Four NBFCs

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The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

Sr. No. Name of the Company Office Address CoR No. CoR Issued On Cancellation Order Date
1 M/s Psychotropics Leasing and Finance Private Limited Plot No. 17, Sector-20A, Faridabad, Haryana- 121001 B-14.00623 April 01, 1998 April 05, 2021
2 M/s Saan Popular Finance Private Limited 13/577, Popular Tower, Konni, Vakayar P.O., Pathanamthitta, Kerala – 689698 B-16.00179 August 23, 2017 April 16, 2021
3 M/s Classic Leafin Private Limited H.No.8-2-269/19/D/5, Indira Nagar, Banjara Hills, Hyderabad, Telangana- 500033 09.00177 May 25, 1998 May 04, 2021
4 M/s Alka Mercantile Private Limited (Presently known as M/s Surbhi Mercantile Private Limited) 17A/30-31, 1st floor, Karol Bagh, New Delhi- 110005 14.00624 April 01, 1998 June 24, 2021

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.

(Yogesh Dayal)
Chief General Manager

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