Nine NBFCs surrender their Certificate of Registration to RBI

Nine NBFCs surrender their Certificate of Registration to RBI

Nine Non-Banking Financial Companies (NBFCs) (including one Housing Finance Company) surrender their Certificate of Registration to Reserve Bank of India (RBI)

The following eight Non-Banking Financial Companies (NBFCs) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued onCancellation Order Date
1M/s Dholadhar Investments Private LimitedMann Filling Station, Kotwali Bazar, Tehsil Dharamshala, Kangra, Himachal Pradesh- 176 215B-06.00590February 05, 2008October 27, 2021
2M/s Goodwill Financial Services Private LimitedNo. 29(8), Haddows Road, Chennai – 600 006B-07.00532December 05, 2000November 10, 2021
3M/s Morgan Stanley India Securities Private Limited18th Floor, Tower 2, One World Center, 841 Jupiter Textile Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai- 400 013N-13.02091May 26, 2015November 15, 2021
4M/s Sankalp Granites Private LimitedSD-236, Shanti Nagar, Near ESI Hospital, Hatwara Road, Jaipur, Rajasthan- 302 006B-10.00180July 04, 2002December 09, 2021
5M/s Yardley Investment and Trading Company Private Limited1, Sukhia Building CHSL, 3rd Floor, 14/14 A, Cawasji Patel Road, Horniman Circle, Fort, Mumbai- 400 00113.01321December 06, 1999December 27, 2021
6M/s Sri Shirdi Credit and Finance Private Limited104, Jaya Enclave, Sai baba Temple Street, Dwarkapuri Colony, Punjagutta, Hyderabad – 500 082N-09.00430February 22, 2010December 30, 2021
7M/s Mangalam Softwares Pvt Ltd41, Chowringhee Road, Park Street, Kolkata-700 07105.02215May 16, 1998December 30, 2021
8M/s West Bengal Industrial Development Corpn Ltd“Protiti”, 23 Abanindranath Thakur Sarani, Kolkata- 700 017B-05.04634August 06, 2019December 30, 2021

As such, 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, the following 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.

Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued onCancellation Order Date
1M/s Indie Homefin Private LimitedC-703, Lokhandwala Residency, Manjrekar Lane, Off. Dr. E. Moses Road, Worli, Mumbai, Maharashtra- 400 01805.0180.19 (issued by NHB)May 15, 2019November 23, 2021

As such, the above company shall neither transact the business of a Housing Finance Institution nor of a Non-Banking Financial Institution as defined in National Housing Bank Act, 1987 and Reserve Bank of India Act, 1934, respectively.

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