This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

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Date : Dec 26, 2019
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 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. On Wheels Auto Finance and Leasing Private Limited
(Formerly known as On Wheel Auto Finance and Leasing Limited)
18/14, W.E.A. Karol Bagh, New Delhi-110 005 B-14.00138 March 11, 2004 October 04, 2019
2. Vaishali Financial Services Private Limited A-69, Pushpanjali Enclave, Pitam Pura, New Delhi-110 034 B-14.02920 May 27, 2003 October 17, 2019
3. Majestic Holdings Private Limited Continental House 28 Nehru Place, New Delhi 110 019 14.00495 March 19, 1998 November 04, 2019
4. TSL Holdings Limited H-2, Second Floor, Alaknanda Comm Complex, Alaknanda, New Delhi-110 019 B-14.01232 October 03, 2002 November 06, 2019
5. SPA Securities Limited 503, 5th Floor, Prakash Deep Building, 7 Tolstoy Marg, New Delhi-110 001 B-14-02269 February 26, 2001 November 07, 2019
6. Jagapati Finance Private Limited Plot No.82, Kavuri Hills, Phase II, Madhapur, Hyderabad-500 081, Telangana B-09.00380 December 24, 2001 November 08, 2019
7. Punjab Properties Limited 2739, Ground Floor, Gali No. 13, Ranjit Nagar, New Delhi-110 008 14.00336 March 07, 1998 November 20, 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: 2019-2020/1518