10 NBFCs and One ARC surrender their Certificate to RBI
10 NBFCs and One ARC surrender their Certificate of Registration to RBI
The following 10 Non-Banking Financial Companies (NBFC) 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.
i) Due to exit from Non-Banking Financial Institution (NBFI) business:
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued on | Date of Cancellation of CoR |
| 1 | Parkin Marketing Pvt. Ltd. | 63 Radah Bazar Street, 3rd Floor, Room No.43, Kolkata, West Bengal – 700001 | 05.00770 | March 09, 1998 | December 05, 2022 |
| 2 | Bansal Fintrade Private Limited | Plot No. 84, Shiv Prabhu 2 F/F, 101, Sixsak Society, Bhavnagar, Gujarat – 364002 | N-13.02145 | December 19, 2016 | December 12, 2022 |
| 3 | O3 Finance Private Limited | No. 5, Crescent Road Kumara Park East, High Grounds, Bengaluru – 560001 | N-02.00284 | June 23, 2017 | December 12, 2022 |
| 4 | Jacob Ballas Capital India Private Limited | First Floor, Wing-B, Commercial Plaza, Radisson Hotel Delhi, NH-8, Mahipalpur, New Delhi-110037. | 14.01241 | December 20, 2001 | December 20, 2022 |
| 5 | India Silica Magnesite Works Ltd | Birla Building, 11th Floor, 9/1 R.N. Mukherjee Road, Kolkata, West Bengal – 700001 | 05.00890 | March 11, 1998 | December 26, 2022 |
| 6 | Cougar Vyapaar Pvt. Ltd. | 4, Dr. Rajendra Prasad Sarani, 3rd Floor, Room No. 303, Kolkata, West Bengal -700001. | 05.01266 | March 26, 1998 | December 26, 2022 |
| 7 | Srinivasa Finance Corporation Private Limited | H. No. 5-5-78/6/1, Premavathipet, Rajendra Nagar, Hyderabad, Telangana – 500 030 | 09.00223 | March 18, 2014 | December 26, 2022 |
ii) Due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.:
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued on | Date of Cancellation of CoR |
| 1 | Telecom Investments India Private Limited | 201-206, Shiv Smriti Chambers, 2nd Floor, 49/A, Dr. Annie Besant Road, Worli Naka, Worli, Mumbai, Maharashtra – 400018 | 13.00536 | March 30, 1998 | December 15, 2022 |
| 2 | Jaykay Finholding (India) Private Limited | 201-206, Shiv Smriti Chambers, 2nd Floor, 49/A, Dr. Annie Besant Road, Worli Naka, Worli, Mumbai, Maharashtra – 400018 | N-13.01333 | March 15, 2000 | December 15, 2022 |
| 3 | UMT Investments Limited | 201-206, Shiv Smriti Chambers, 2nd Floor, 49/A, Dr. Annie Besant Road, Worli Naka, Worli, Mumbai, Maharashtra – 400018 | 05.03205 | August 10, 1999 | December 15, 2022 |
Further, the following Asset Reconstruction Company has surrendered the CoR granted by RBI. The RBI, in exercise of powers conferred on it under section 4 (1) of the SARFAESI Act, 2002, has therefore cancelled the CoR.
i) Due to exit from securitisation/ asset reconstruction business:
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued on | Date of Cancellation of CoR |
| 1 | Lone Star India Asset Reconstruction Private Limited | #1302, Tower-3, ONE International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai, Maharashtra – 400013 | 027/2018 | July 11, 2018 | December 20, 2022 |
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