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  1. Rahul
  2. RTO Registration & Tax
  3. Thursday, April 30 2015
I have an old car which bought from a Finance Company. The finance company is now closed, what is the way out to get a NOC or cancel the Hypotication. Thanks.
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@ Rahul

As you referred that finance company has closed down. When was your loan closed ? If recently - There might be many active repayments which would be going on w.r.t other customers, you also have paid off your loan - in such a case - either the assets would be acquired by a new company or the operations team would be continuing for collecting loan installments.

Take it this way - if the assets are not acquired or no such ops team exists - then many customers - having active loan with the company in all probability will stop paying off the installments.

Suggest to try and find out for ops team - once contacted NOC can well be obtained accordingly


  1. more than a month ago
  2. RTO Registration & Tax
  3. # 1
amrit Accepted Answer
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Finance company closed down and not traceable. Loan repaid NOC was obtained previously which was valid for 90 days but could not get hypothecation could not be got cancelled, Car is in own my own
  1. more than a month ago
  2. RTO Registration & Tax
  3. # 2
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@ Amrit

If its NBFC then it must have been registered with RBI and Company Law Board

As per RBI Provision, no NBFC can commence or carry on business of a non-banking financial institution without
a) obtaining a certificate of registration from the RBI
b) without having a Net Owned Funds of Rs. 25 lakhs (Rs Two crore since April 1999).

Suggest to check out
> Are of assets of NBFC taken by other company
> Who are the Promoters / directors of the NBFC
> Are they Directors involved or floated another company or the operational

Based on same - suggest to approach for issuance of NOC.
  1. more than a month ago
  2. RTO Registration & Tax
  3. # 3
RAJAT Accepted Answer
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I am also having the problem of getting NOC from a company named ASSOCIATES INDIA FINANCIAL SERVICES INDIA P LTD. now how to trace this company as this is matter of 2002 and all online details says that company no longer available.
now where to check online where this got merged.kindly help.
  1. more than a month ago
  2. RTO Registration & Tax
  3. # 4
Ramesh Accepted Answer
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I was purchase two wheeler in 2006 in that time I take finance from GE COUNTRY WIDE CONSUMER FINANCIAL SERVICES LTD BANGALORE. now that wasclosed how to get NOC
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