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Date: 21/12/2018
5 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 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 Office Address CoR No. Issued On Cancellation Order Date
1. Mano Finance Limited 29, Gokhale Street, Ram Nagar, Coimbatore-641 009 B-07.00453 August 19, 2016 November 29, 2018
2. Fortress Financial Services Limited
(Presently known as Fortress Infracon Limited)
Daryanagar House, 2nd Floor, 69 Maharshi Karve Road, Marine Lines, Mumbai-400 002 B-13.01198 February 26, 1999 October 29, 2018
3. Santsu Finance & Investment Pvt. Ltd. Sidhwa House, 1st Floor, N A Sawant Marg, Colaba, Mumbai-400 005 13.00332 March 11, 1998 October 29, 2018
4. Swarnasathi Advisory Services Private Limited Block-C, Flat No. 201, 4, Debendra Lal Khan Road, Kolkata-700 025, West Bengal B.05.05672 October 16, 2003 September 26, 2018
5. Eterna Steel & Investments Pvt. Ltd. 11C, Burdwan Road, Kolkata-700 027, West Bengal B.05.04872 April 08, 2003 November 27, 2018

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.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1430

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