Considering the above said application, the Reserve Bank of India (RBI) has issued an order dated 26 April 26, 2016 wherein the said CoR issued to the Company to carry on the business of a Non- Banking Financial Company (NBFC) has been cancelled with effect from 01 March 2016. Thus, the Company is no more a Non- Banking Financial Company. Necessary steps would be taken to comply with the said order of RBI.