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Date : Jan 11, 2023
10 NBFCs and One ARC surrender their Certificate of Registration to RBI

The following 10 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

i) Due to exit from Non-Banking Financial Institution (NBFI) business:

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Date of Cancellation of CoR
1 Parkin Marketing Pvt. Ltd. 63 Radah Bazar Street, 3rd Floor, Room No.43, Kolkata, West Bengal - 700001 05.00770 March 09, 1998 December 05, 2022
2 Bansal Fintrade Private Limited Plot No. 84, Shiv Prabhu 2 F/F, 101, Sixsak Society, Bhavnagar, Gujarat - 364002 N-13.02145 December 19, 2016 December 12, 2022
3 O3 Finance Private Limited No. 5, Crescent Road Kumara Park East, High Grounds, Bengaluru – 560001 N-02.00284 June 23, 2017 December 12, 2022
4 Jacob Ballas Capital India Private Limited First Floor, Wing-B, Commercial Plaza, Radisson Hotel Delhi, NH-8, Mahipalpur, New Delhi-110037. 14.01241 December 20, 2001 December 20, 2022
5 India Silica Magnesite Works Ltd Birla Building, 11th Floor, 9/1 R.N. Mukherjee Road, Kolkata, West Bengal - 700001 05.00890 March 11, 1998 December 26, 2022
6 Cougar Vyapaar Pvt. Ltd. 4, Dr. Rajendra Prasad Sarani, 3rd Floor, Room No. 303, Kolkata, West Bengal -700001. 05.01266 March 26, 1998 December 26, 2022
7 Srinivasa Finance Corporation Private Limited H. No. 5-5-78/6/1, Premavathipet, Rajendra Nagar, Hyderabad, Telangana - 500 030 09.00223 March 18, 2014 December 26, 2022

ii) Due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.:

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Date of Cancellation of CoR
1 Telecom Investments India Private Limited 201-206, Shiv Smriti Chambers, 2nd Floor, 49/A, Dr. Annie Besant Road, Worli Naka, Worli, Mumbai, Maharashtra - 400018 13.00536 March 30, 1998 December 15, 2022
2 Jaykay Finholding (India) Private Limited 201-206, Shiv Smriti Chambers, 2nd Floor, 49/A, Dr. Annie Besant Road, Worli Naka, Worli, Mumbai, Maharashtra - 400018 N-13.01333 March 15, 2000 December 15, 2022
3 UMT Investments Limited 201-206, Shiv Smriti Chambers, 2nd Floor, 49/A, Dr. Annie Besant Road, Worli Naka, Worli, Mumbai, Maharashtra - 400018 05.03205 August 10, 1999 December 15, 2022

Further, the following Asset Reconstruction Company has surrendered the CoR granted by RBI. The RBI, in exercise of powers conferred on it under section 4 (1) of the SARFAESI Act, 2002, has therefore cancelled the CoR.

i) Due to exit from securitisation/ asset reconstruction business:

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Date of Cancellation of CoR
1 Lone Star India Asset Reconstruction Private Limited #1302, Tower-3, ONE International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai, Maharashtra - 400013 027/2018 July 11, 2018 December 20, 2022

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1535


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