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Date: 16/09/2016
3 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. M/s Shringarika Finance & Leasing Private Limited C-8, East of Kailash, New Delhi – 110065 B-14.02754 November 29, 2002 July 28, 2016
2. M/s Arasi Finance Private Limited 99, Rajaji Street, Karur – 639001 B.07.00471 October 17, 2000 August 29, 2016
3. M/s Suryasakti Commodities Private Limited “Jasmine Tower”, 3rd Floor, 31, Shakespeare Sarani, Kolkata - 700017 B-05.06133 February 10, 2004 August 25, 2016

As such, the above companies cannot 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: 2016-2017/690

 
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