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RBI cancels Certificate of Registration of 3 NBFCs

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RBI cancels Certificate of Registration of 3 NBFCs (including 2 Housing Finance Companies) 

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As such, the above company shall not transact the business of a Non-Banking Financial Institution, 

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 (CoR) of the following company. 

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1 Malik Motor Finance Limited  2 - North East Region Housing Finance Company Limited  3 - Aryarth Housing Finance Limited 

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RBI, in exercise of powers conferred on it under Section 29A (6) of the National Housing Bank Act, 1987, has cancelled the CoR 

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1 - Malik Motor Finance LimitedH-213, Sector 63, Gautam Buddha Nagar, Noida, Uttar Pradesh – 201301.B.12.00.434 

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2 - North East Region Housing Finance Company LimitedHouse No. D 64(E), 2nd Back Side Building, Republic Road, Sikulpuikawn, Mission Veng, Aizawl, Mizoram- 796005.10.0078.09 (issued by NHB) 

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3 - 2Aryarth Housing Finance LimitedShop No.-GF, 116-G, Sushant Shopping Arcade Building, Sushant Lok, Phase I, Gurgaon, Haryana - 122002.07.0156.17 (issued by NHB)