These NBFCs surrender their Certificate of Registration to RBI
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.
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.
Read Also : NLCIL to declare Final Dividend, and Q4 results on May 15News Must Read
- BPCL signs agreement with Noida International Airport
- Indian Bank Q4 results, net profit up by 6 percent on Quarter basis
- PSU Stocks tumbled amid RBI draft circular on lenders
- Paytm share price plunges 4% as president and COO Bhavesh Gupta resigns
- GAIL Global USA and Kinder Morgan Operating LLC signed MOU
- SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project
- Keel Laying of the First Next Generation Offshore Patrol Vessel At Goa Shipyard Ltd
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong