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7 NBFCs surrender their Certificate of Registration to RBI

7 Non-Banking Financial Companies (NBFCs) surrender their Certificate of Registration to the Reserve Bank of India (RBI)

The following 7 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
1Pondicherry Industrial Promotion Development and Investment Corporation Ltd.60, Romain Rolland Street, Puducherry- 605001B-07-00529October 05, 2004April 11, 2022
2D. Devaraj Urs Backward Classes Development Corporation Limited16-D, 4th Floor, Devaraj Urs Bhavan, Millers Tank Bund Area, Vasant Nagar, Bangalore, Karnataka-560052N-02.00223July 26, 2006April 12, 2022
3V. Rama Krishna Sons Private LimitedOld No. 5, (New No. 9), First Crescent Park Road, Gandhinagar, Adyar, Chennai, Tamil Nadu- 600 020B-07.00169June 20, 2002April 13, 2022
4Lucky Mercantile Private LimitedAnkur Manor, Suite No. C-1,1st Floor, New No.271, Old No.182, Poonamallee High Road, Kilpauk, Chennai, Tamil Nadu-600 01007-00088March 06, 1998April 19, 2022
5Magnum Credit & Consultants Pvt. Ltd.12, Darga Road, Ground Floor, Kolkata, West Bengal-700017B.05.03755March 13, 2001April 20, 2022
6Optacredit Fintech Private LimitedRaamsree, No.20, 1st Floor, Sadullah Street, T. Nagar, Chennai, Tamil Nadu-600017B.07.00154December 21, 2016April 27, 2022
7Shreyas Holdings Pvt. Ltd.7, Ganesh Chandra Avenue, 4th Floor, Room No. 6, Kolkata, West Bengal-70001305.03086March 31, 1999April 29, 2022

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.

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