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Date: 15/11/2019
Five 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. Protech Financials Private Limited D-70, Panchsheel Enclave, New Delhi-110 017 14-01017 May 15, 2000 September 24, 2019
2. Teesons Fincap Private Limited 20/22, East Punjabi Bagh, New Delhi-110 026 B-14.02496 November 03, 2001 September 30, 2019
3. Hilman Capital Finance Limited
(previously known as Jaykay Capital Finance Limited)
Kamla Tower, Kanpur, Uttar Pradesh-208 001 B.12.00.209 February 13, 2007 October 04, 2019
4. Gaylord Impex Limited Max House, 1, Dr Jhua Marg Okhla, New Delhi-110 020 B-14.01741 November 29, 2000 October 14, 2019
5. VAG Holdings Pvt. Ltd. D-42, Basement South Extension, Part-I, New Delhi-110 049 B-14.01928 September 01, 2000 October 17, 2019

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.

(Yogesh Dayal)    
Chief General Manager

Press Release: 2019-2020/1190

 
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