On December 11, 2025, the Reserve Bank of India (RBI) issued a press release stating that it has cancelled the Certificate of Registration of 4 NBFCs in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
The companies whose registrations have been cancelled are:
1. Gem Investments & Trading Co Pvt Ltd, Registered Office Address: 2 Minto Park, Kolkata, West Bengal, 700027, CoR No. 05.02848, CoR Issued On August 25, 1998, Cancellation Order Date: November 04, 2025
2. Shri Lakhavi Financial Services Limited (Name as per MCA portal - Zenlabs Ethica Limited), Registered Office Address: Plot No. 194-195, 3rd Floor, Industrial Area, Phase II, Ram Darbar, Chandigarh - 160002, CoR No. 13.00949, CoR Issued On August 05, 1998, Cancellation Order Date: November 07, 2025
3. Vistar Financiers Pvt Ltd, Registered Office Address: 100, Diamond Harbour Road, Room No.-1, Khiddirpore, Kolkata, West Bengal, 700023, CoR No. B.05.04444, CoR Issued On September 28, 2001, Cancellation Order Date: November 10, 2025
4. Ambica Barter Pvt Ltd, Registered Office Address: 505, Jasmine Tower, 5th Floor, 31, Shakespeare Sarani, Kolkata, West Bengal -700017, CoR No. B.05.02430, CoR Issued On July 11, 2005, Cancellation Order Date: November 10, 2025
These companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
The press release number is 2025-2026/1680. The contact person is Brij Raj, Chief General Manager. The Department of Communication, Central Office is located at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The phone number is 022 - 2266 0502. The website is www.rbi.org.in and the email is helpdoc@rbi.org.in.
Key Entities Referenced
Reserve Bank of India Act, 1934: The governing legislation cited as the basis for the action taken in the press release.
Reserve Bank of India: The regulator cancelling the certificate of registration of NBFCs.
Section 45-IA of the Reserve Bank of India Act, 1934: Specific section of the RBI Act, 1934 under which the powers are exercised.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 11, 2025
RBI cancels Certificate of Registration of 4 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA
(6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of
the following companies.
Sr. Name of the Registered Office CoR Cancellation
CoR No.
No. Company Address Issued On Order Date
1 Gem 2 Minto Park, 05.02848 August 25, November 04,
Investments & Kolkata, West 1998 2025
Trading Co Pvt Bengal, 700027
Ltd
2 Shri Lakhavi Plot No. 194-195, 13.00949 August 05, November 07,
Financial 3rd Floor, Industrial 1998 2025
Services Area, Phase II, Ram
Limited Darbar, Chandigarh -
(Name as per 160002
MCA portal -
Zenlabs Ethica
Limited)
3 Vistar 100, Diamond B.05.0444 September November 10,
Financiers Pvt Harbour Road, 4 28, 2001 2025
Ltd Room No.-1,
Khiddirpore, Kolkata,
West Bengal,
700023
4 Ambica Barter 505, Jasmine Tower, B.05.0243 July 11, November 10,
Pvt Ltd 5th Floor, 31, 0 2005 2025
Shakespeare Sarani,
Kolkata, West
Bengal -700017
As such, the above companies shall not transact the business of a Non-Banking
Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
(Brij Raj)
Press Release: 2025-2026/1680 Chief General Manager