India, Oct. 13 -- The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 21 non-banking financial companies (NBFCs) under its powers granted by Section 45-IA(6) of the RBI Act, 1934. The move bars these companies from conducting NBFC operations as defined under the Act.
The affected entities include Anand Private Limited, Anand Corporate Holdings Private Limited, Athena Financial Services Limited, Barter Leasing and Finance Pvt Ltd, Dimples Cine Advertising Pvt Ltd, Diwan Sons Holding & Consultancy Pvt Ltd, Elegant Capital Pvt Ltd, Fax Computers and Finance Services Pvt Ltd, Panchasar Leasing and Investment Ltd, Monotona Securities Ltd (also known as Champion Finsec Ltd), Morta Finlease and Investments Pvt L...