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 Company | Registered Office Address | CoR No. | CoR Issued on | Cancellation Order Date |
| 1 | Pondicherry Industrial Promotion Development and Investment Corporation Ltd. | 60, Romain Rolland Street, Puducherry- 605001 | B-07-00529 | October 05, 2004 | April 11, 2022 |
| 2 | D. Devaraj Urs Backward Classes Development Corporation Limited | 16-D, 4th Floor, Devaraj Urs Bhavan, Millers Tank Bund Area, Vasant Nagar, Bangalore, Karnataka-560052 | N-02.00223 | July 26, 2006 | April 12, 2022 |
| 3 | V. Rama Krishna Sons Private Limited | Old No. 5, (New No. 9), First Crescent Park Road, Gandhinagar, Adyar, Chennai, Tamil Nadu- 600 020 | B-07.00169 | June 20, 2002 | April 13, 2022 |
| 4 | Lucky Mercantile Private Limited | Ankur Manor, Suite No. C-1,1st Floor, New No.271, Old No.182, Poonamallee High Road, Kilpauk, Chennai, Tamil Nadu-600 010 | 07-00088 | March 06, 1998 | April 19, 2022 |
| 5 | Magnum Credit & Consultants Pvt. Ltd. | 12, Darga Road, Ground Floor, Kolkata, West Bengal-700017 | B.05.03755 | March 13, 2001 | April 20, 2022 |
| 6 | Optacredit Fintech Private Limited | Raamsree, No.20, 1st Floor, Sadullah Street, T. Nagar, Chennai, Tamil Nadu-600017 | B.07.00154 | December 21, 2016 | April 27, 2022 |
| 7 | Shreyas Holdings Pvt. Ltd. | 7, Ganesh Chandra Avenue, 4th Floor, Room No. 6, Kolkata, West Bengal-700013 | 05.03086 | March 31, 1999 | April 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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