REGULATING NON-BANKING

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 : Mar 11, 2020
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. Hyundai Capital India Private Limited 5th Floor, Corporate One, Plot No. 5, Non-Hierachical Commercial Centre, Jasolar, New Delhi-110076 N-14.03381 October 18, 2017 December 12, 2019
2. Unique Intercontinental Limited Z-164, Room No. 2, First Floor, Loha Mandi, Naraina, New Delhi-110028 14.00427 March 11, 1998 January 16, 2020
3. Farsight Developers Private Limited
(Formerly Urmil Finlease Private Limited)
210, Arunachal Building 19, Barakhamba Road, New Delhi-110001 B-14.01613 January 31, 2000 February 6, 2020
4. Inter State Oil Carrier Ltd. 113 Park Street, Poddar Point, South Wing, 5th Floor, Kolkata-700 016 05.00498 March 02, 1998 December 04, 2019
5. Sun Corporate Services Private Limited
(now Mamata Group Corporate Services Private Limited)
53, Madhuban Complex, 5th Floor, Madalpur Underbridge, Ellisbridge Ahmedabad – 380006 B.01.00445 December 31, 2002 February 12, 2020

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: 2019-2020/2043


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