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RBI cancels License of 10 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 CompanyRegistered Office AddressCoR No.CoR Issued OnCancellation Order Date
1Doyen Vyapaar Private Limited8A & 8B, Satyam Towers 3, Alipore Road, Kolkata, West Bengal – 70002705.00072February 14, 1998February 06, 2025
2Gaja Fincorp Private Limited413 Vardaan Market, 4th Floor, 25A Camac Street, Kolkata, West Bengal – 700016B.05.02328February 18, 2014February 06, 2025
3Torrent Merchandise Pvt LtdMarshall House, Room No. 645(A), 33/1, N.S.Road, Kolkata, West Bengal – 700001B.05.05317November 03, 2003February 06, 2025
4Lokpriya Trade & Agency Pvt Ltd3A, Garstin Place, 6th Floor, Kolkata, West Bengal – 700001B.05.05515September 18, 2003February 06, 2025
5Ranisati Merchandise Pvt LtdKaveri House 132/1, M.G.Road, 4th Floor, Kolkata, West Bengal – 700007B.05.05618September 30, 2003February 06, 2025
6Mahima Commercial Company Pvt Ltd.187, Rabindra Sarani 2nd Floor, Kolkata, West Bengal – 700007B.05.05635October 17, 2003February 06, 2025
7Yoyoma Trading Pvt. Ltd.23 Netaji Subhas Road ,4th Commercial Building 1st Floor, Kolkata, West Bengal – 700001B.05.05821November 20, 2003February 06, 2025
8Veshnawy Vyapaar Pvt Ltd14C, M.D.Road, Kolkata, West Bengal – 700007B.05-06420July 14, 2004February 06, 2025
9Easey Credit Pvt Ltd205, Rabindra Sarani 4th Floor, Room No 152, Kolkata, West Bengal – 700007B.05.06470September 09, 2004February 06, 2025
10Raikot Finance and Investment Pvt Ltd29/12 Dumurjala Type-3, R Block(14-30), Bantra, Howrah, Kolkata, West Bengal – 711104B.05.06919January 18, 2012February 06, 2025

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.