RBI Cancels Registration for Three Financial Companies, Check Details

Mumbai, 10th February 2024: The Reserve Bank of India (RBI) has taken decisive action by revoking the Certificate of Registration for three Non-Banking Financial Companies (NBFCs). The affected companies are Bharathu Investment & Finance India Limited, Cox & Kings Financial Service Limited, and PSPR Enterprises Private Limited.

Bharathu Investment & Finance India Limited:

Registered Office Address: East Gandhi Maidan, Jehanabad, Bihar-804408
CoR No.: B-15.00013
CoR Issued On: September 26, 1998
Cancellation Order Date: January 17, 2024
Cox & Kings Financial Service Limited:

Registered Office Address: 1st Floor, Turner Morrison Building, 16 Bank Street, Fort, Mumbai, Maharashtra – 400001
CoR No.: N.13.02242
CoR Issued On: May 18, 2018
Cancellation Order Date: January 17, 2024
PSPR Enterprises Private Limited:

Registered Office Address: 707, 7th Floor Gopal Heights, Plot No D-9 Shubhash Place Pitampura, Rani Bagh, North West Delhi, Delhi – 110034
CoR No.: B-14.01725
CoR Issued On: June 15, 2017
Cancellation Order Date: January 25, 2024

Following this regulatory action, these companies are prohibited from engaging in the activities of a Non-Banking Financial Institution, as defined by clause (a) of Section 45-I of the RBI Act, 1934. The RBI, exercising its authority under Section 45-IA (6) of the Reserve Bank of India Act, 1934, aims to ensure the integrity and stability of the financial sector by taking such measures when deemed necessary.