Certificate of Registration of M/s SDFC Finance Limited

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Mumbai, Oct 31 (UNI) The Reserve Bank of India (RBI) has cancelled the certificate of registration granted to Vadodara-based M/s SDFC Finance Limited for carrying on business of a non-banking financial institution as the company has ceased to be a non-banking financial institution.

Following cancellation of the registration certificate, the company cannot transact business of a non-banking financial institution.

The company has not surrendered its original Certificate of Registration and has reported that the certificate has been lost or misplaced. Members of public are hereby cautioned against misuse of the said Certificate of Registration, a RBI release said here today.

Under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of a non-banking financial company. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

Meanwhile, the RBI has also cancelled the certificate of registration granted to Nadiad-based M/s Varun Capital Services Private Limited for carrying on the business of a non-banking financial institution as the company has ceased to be a non-banking financial institution and is not traceable, the release added.

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