News Flash: Cancellation of Certificate of Registration of NBFC by RBI

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 company. Sr. No. Name of the Company Office Address CoR No. Issued On Cancellation Order Date 1 M/s Lofty Securities Private Limited (Presently known as Lofty Securities Limited) 8, Lyons Range, Ist Floor, Room no. 11, Mitra Building, Kolkata-700 001 B.05.04764 January 20, 2003 January 31, 2018 As such, the above company 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. Press Release : 2017-2018/2538