The Seven NBFCs surrender their Certificate of Registration granted to them by the Reserve Bank of India (RBI). These companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
Read the full Press Release Issued by RBI:
Date: Oct 12, 2021
Seven NBFCs surrender their Certificate of Registration to RBI
The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The 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 Certificate of Registration.
|Sr. No.||Name of the Company||Registered Office Address||CoR No.||CoR Issued On||Cancellation Order Date|
|1||M/s Pramanand Commercial Private Limited||Lower ground floor, Hindustan Times House 18-20, Kasturba Gandhi Marg, New Delhi-110001 IN||B-14.03328||January 05, 2016||July 06, 2021|
|2||M/s Amandeep Transport and Leasing India Limited||Kothi no. 1, Gaushalla Road, Sunam, Distt. Sangrur, Punjab – 148028||06.00105||May 02, 1998||July 19, 2021|
|3||M/s CLSA India Finance Private Limited||Office No. 702, Dalamal House, 206, Jamnalal Bajaj Marg, Nariman Point, Mumbai- 400021||N-13.02366||October 10, 2019||July 19, 2021|
|4||M/s Subhadra Investments Private Limited||Plot # 8-3-214/21, Srinivasa Nagar Colony (West), Ameerpet, Hyderabad, Telangana – 500 038||B-09.00264||August 14, 2000||July 23, 2021|
|5||M/s Helios Finserve Private Limited||B1-604, Marathon Next Gen Compound, Off G. K. Marg, Lower Parel (W) Mumbai-400013||N-13.02239||May 16, 2018||August 05, 2021|
|6||M/s Altico Capital India Limited||21, 2nd Floor, 5 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (East), Mumbai-400051||N-13.01777||January 04, 2018||August 13, 2021|
|7||M/s GPL Finance Limited||113/216-B, Swaroop Nagar, Kanpur, Uttar Pradesh-208002||B-12.00053||February 27, 1998||September 24, 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 RBI Act, 1934.
Chief General Manager
Press Release: 2021-2022/1031. RBI
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