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Date: 02/08/2019
Six 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. Financial Arm India Private Limited D-315, Defence Colony, New Delhi-110 024 14.01579 February 28, 2000 May 16, 2019
2. IT Infrastructure Development Corporation Limited (presently known as IT Infrastructure Development Corporation Private Limited) L-2A, Hauz Khas Enclave, New Delhi-110 016 14.00924 June 01, 1998 May 17, 2019
3. J.S.P. Capitals & Securities Ltd. Saraf Building Annex, A.T. Road, Guwahati-781 001 B.08.00133 November 09, 2000 June 03, 2019
4. Kunal Exports Private Ltd. Room No. 223, 2nd Floor, Alphanso Estate, 5 Mangoe Lane, Kolkata-700 001 05.00929 March 12, 1998 June 07, 2019
5. Pushpanjali Trexim Limited
(Presently known as Pushpanjali Trexim Private Limited)
A-7, First Floor, Geetanjali Enclave, New Delhi-110 017 B-05.06218 March 04, 2004 June 07, 2019
6. Solex Finance Private Limited 180, M.G. Road, 3rd Floor, Kolkata-700 007 B.05.04487 October 04, 2001 July 15, 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: 2019-2020/319
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