2 NBFCs Registration Cancelled, 6 Surrender Certificates to RBI
Moneylife Digital Team 26 November 2024
As many as six non-banking finance companies (NBFCs) have surrendered their registration certificates to the Reserve Bank of India (RBI), while the regulator cancelled the registration of two NBFCs. The reasons for surrendering registration include exiting the business and ceasing to be legal entities due to amalgamation, merger, dissolution or voluntary strike-off.
 
Those whose registration has been cancelled by RBI include Gujarat-based Ulhas Securities Pvt Ltd and Rajasthan-based Sikar Investment Co Ltd.
 
NBFCs who have surrendered registration certificates include four from West Bengal and two from Uttar Pradesh (UP).
 
According to RBI, two NBFCs surrendered their registration certificates following a decision to exit from the non-banking finance business. Four NBFCs ceased operations following corporate actions such as amalgamation, dissolution, merger or voluntary strike-off.
 
UP-based Bellona Dealcom Pvt Ltd and Sonata Finance Pvt Ltd surrendered their registration certificate. RBI issued an order for cancellation of their registration on 8 October 2024.
 
RBI says the registration certificates of Sakthi Consultants Pvt Ltd and C L Developers Pvt Ltd are cancelled from 24 October 2024. 
 
Stanley Vyapaar Pvt Ltd and Mayur Barter Pvt Ltd from West Bengal have surrendered their registration certificate. RBI has issued an order to cancel their registration on 29 October 2024 and 22 October 2024, respectively. 
Comments
mirwaseem2012
11 months ago
These NBFCs are just fraudsters. They are just trapping common people, who don't know ABC of finance. They are taking ROI 50% average as well as fines is new drama.
Govt of India should Ban all these Pvt firms who are just looting the common people.
They are Robbers
quranallahuakbar
11 months ago
How much money they would have robbed
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