RBI cancels Certificate of Registration of Four NBFCs

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The Reserve Bank of India (RBI), in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies:

Sr. No. Name of the Company Office Address CoR No. CoR Issued On Cancellation Order Date
1 M/s Vrundavan Securities Limited 202, Yogi Complex, 44, Sampatrao Colony, Alkapuri, Vadodara, Gujarat – 390007 B 01.00261 June 09, 1998 January 19, 2021
2 M/s Durlav Finance Limited Mahalaxmi Nibas, 2nd Floor, Narasingha Nagar, Pandra Street, Berhampur, Ganjam, Odisha-760009 N-04.00024 July 18, 2012 January 22, 2021
3 VGM Finance Private Limited
(Presently known as M/s Sufalam Financial Services Private Limited)
# 161, 2nd floor, 4th Main, 7th Cross, Chamrajpet, Bengaluru, Karnataka – 560018 B-09.00335 June 03, 2011 February 19, 2021
4 M/s Dhananjay Finance Limited Survey No. 36, Plot No. 83, Dhananjay, Sanket Park, Opposite Raj Residency, Nana Mauva Main Road, Rajkot, Gujarat – 360004 B.01.00540 January 16, 2015 March 05, 2021

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

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