4 NBFCs surrender their Certificate of Registration to RBI

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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. M/s Shrigopal Finance and Investment Private Limited 82-A, Flat No. 33, Brindavan Society, Thane – 400601 B-13.01360 August 23, 2000 April 11, 2016
2. M/s Wall Street Finance Limited Spice Tower, CTS – R10, Phase II, Anand Nagar, New Link Road, Jogeshwari West, Mumbai – 400102 B-13.01358 August 09, 2000 May 30, 2016
3. M/s JEL Finance & Investments Limited Plot No. 29, Nagarjuna Hills, Punjagutta, Telangana, Hyderabad – 500082 N-09.00434 April 30, 2010 June 03, 2016
4. M/s Maruti Finance Private Limited Shop No. 6-3-1109/1, 3rd Floor, Rajbhavan Road, Somajiguda, Hyderabad – 500082 B-09.00166 July 29, 2005 June 09, 2016

As such, the above companies cannot transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Ajit Prasad
Assistant Adviser

Press Release: 2015-2016/3020