ahmedabad reserve bank of india rbi on saturday restricted two nonbanking financial institutions nbfis from transacting business allegedly for not complying with the operating guidelines and procedures the certificate of registration cor of the two nbfistulip finlease private limited galaxy consolidated finance limitedwere cancelled by the rbi the cors of the two companies were cancelled on may 29 and june 6 respectively a rbi statement said while tulip has its registered office in ahmedabad galaxy is a rajkot based nbfi in exercise of powers conferred on it under subsection 6 of section 45ia of the reserve bank of india has cancelled the cor of these companies as these companies have voluntarily cease to be nbfis a statement from rbis department of nonbaning supervision regional office ahmedabad in a national daily said the two companies cannot transact business they have surrendered original cor it stated