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RBI cancels certificate of Registration of 4 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the four non-banking financial companies (NBFCs). 
•    RBI has cancelled the certificate of registration in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
•    Company whose certificate of registration has been cancelled are 
•    Neelanjali Engineering Private Limited,
•    Novoflex Tradecom Private Limited '
•    Guide Investments and 
•    Trading Co. Pvt.
•    RBI commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.
•    The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders.
•    Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.

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