RBI cancels Certificate of Registration of two NBFC

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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 Registered Office Address CoR No. CoR Issued On Cancellation Order Date
1 BRD Securities Ltd Door No: XIII/436, A2, I Floor, Bethany Complex, Kunnamkulam, Thrissur, Kerala 680503 B-16.00040 May 29, 2017 March 13, 2023
2 Lakshmi Finance Private Limited 8-1-1/1, Balaji Nagar, T/C, Karakachettu, Polamamba Road, Siripuram, Vishakhapatnam – 530003 N-09.00453 May 24, 2018 March 27, 2023

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

Press Release: 2023-2024/62



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