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Date : Apr 27, 2021
Two 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 (RBI):

Sr. No. Name of the Company Office Address CoR No. CoR Issued On Cancellation Order Date
1 M/s Balaji Instalments Supply Limited 280, Goyal Complex, Bans Mandi, Bareilly, Uttar Pradesh- 243005 B-12.00267 November 02, 2015 February 22, 2021
2 M/s Sugam Commodeal Pvt. Ltd. 54/3, 1st Cross, Ejipura Main Road, Vivek Nagar, Bengaluru, Karnataka – 560047 B-05.05460 September 03, 2003 March 24, 2021

 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 Certificate of Registration.

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: 2021-2022/118


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