These NBFCs surrender their Certificate of Registration to RBI

by Psu Connect
Date: 14-01-22

Accordingly, these companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

These NBFCs surrender their Certificate of Registration to RBI

New Delhi: The Nine Non-Banking Financial Companies (including one Housing Finance Company) surrender their Certificate of Registration to Reserve Bank of India, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

The following Non-Banking Financial Companies are:

1. M/s Dholadhar Investments Private Limited
2. M/s Goodwill Financial Services Private Limited
3. M/s Morgan Stanley India Securities Private Limited
4. M/s Sankalp Granites Private Limited
5. M/s Yardley Investment and Trading Company Private Limited
6. M/s Sri Shirdi Credit and Finance Private Limited
7. M/s Mangalam Softwares Pvt Ltd
8. M/s West Bengal Industrial Development Corpn Ltd

Accordingly, 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 Reserve Bank of India Act, 1934.

Further, M/s Indie Homefin Private Limited, (Housing Finance Company) has surrendered the CoR granted by National Housing Bank (NHB). The RBI, in exercise of powers conferred on it under Section 29A (6) of the National Housing Bank Act, 1987, has therefore cancelled the CoR. It shall neither transact the business of a Housing Finance Institution.