RBI Cancels NBFC Licence of Swaroop Commercial Co. (P) Ltd
India, June 12 -- The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of Swaroop Commercial Co. (P) Ltd, a Non-Banking Financial Company (NBFC) registered in West Bengal, with effect from May 21, 2026. The cancellation order was issued in exercise of powers conferred under Section 45-IA(6) of the Reserve Bank of India Act, 1934.The company, headquartered at 29A, Weston Street, 1st Floor, Room No. A-8, Kolkata, West Bengal 700012, held CoR No. B.05.05212, which was originally granted on August 27, 2003. The registration remained valid for approximately 23 years before the RBI decided to revoke it.With the cancellation of its registration, Swaroop Commercial Co. (P) Ltd is no longer permitted to transact the bu...
To read the full article or to get the complete feed from this publication, please
Contact Us.