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.
Chief General Manager