Spoxy Vincom Private Limited

The Reserve Bank of India exercised its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934 to cancel the Certificate of Registration of six companies: Stuti Tie-Up Private Limited, Jaroli Vincom Private Limited, Wondermax Vinimay Pvt. Ltd., Oswal Resources Private Limited, Spoxy Vincom Private Limited, and Parichiti Textiles Private Limited. As a result, these entities shall not transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act, 1934.

These six entities are prohibited from carrying on NBFC business going forward. Any lending or other activities that require NBFC registration must stop, and affected counterparties should treat the companies as no longer authorized NBFCs. The cancellation dates listed in the notice range from July 4, 2019 to July 19, 2019.