Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Latest Circulars »
Open DEMAT Account in 24 hrs
 RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
 Processing of Applications Received Under the Citizen’s Charter - Status as on July 31, 2026
 RBI Issues Amendment Directions on Interest Rate on Deposits
 Reserve Bank of India (Commercial Banks – Resolution of Stressed Assets) Third Amendment Directions, 2026
 Winding up of Paytm Payments Bank Limited
 Reserve Bank of India (Regional Rural Banks Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
 Rationalisation of Foreign Exchange Management (Non-Debt Instruments) Rules 2019 Draft Rules for Comments
  Governor Reserve Bank of India meets MD and CEOs of Public Sector Banks and select Private Sector Banks
 RBI issues Prudential Norms on Specified Non Financial Asset acquired by Regulated Entitites
 RBI issues draft Guidance on Regulatory Expectations for Data Governance
 Governor, Reserve Bank of India meets MD & CEOs of Public Sector Banks and select Private Sector Banks

15 NBFCs surrender their Certificate of Registration to RBI
December, 04th 2017

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 Eagle Industrial Developments Private Limited (Presently M/s Suchitra Dyeing and Printing Mills Private Limited) Plot No. B-17-18, N.H.8, Palsana Crossing, Palsana, Surat – 394315,Gujarat B.05.06117 February 05, 2004 August 30, 2017
2 M/s Hardik Commercial Private Limited K 202, 2nd Basement, 1 Shakespeare Sarani, Kolkata – 700071 B-05.05041 May 27, 2003 September 07, 2017
3 M/s Sagar Finstocks Private Limited 2G, Judge’s Court Road, Kolkata – 700027 B.05.06238 March 10, 2004 September 11, 2017
4 M/s PLG Finance and Trading Private Limited 113, Park Street, 6th Floor, Kolkata – 700016 B-05.05614 September 30, 2003 September 12, 2017
5 M/s Singhal Credit Management Limited E-127, Industrial Area, Bhiwandi (Alwar) – 301019,Rajasthan B-10.00185 March 11, 2003 September 18, 2017
6 M/s B.P.G. Securities Limited (Earlier M/s B.P.G. Securities Private Limited) 3rd & 4th Floor, Arcadia Centre Premise No. 31, Dr. Ambedkar Sarani, Kolkata – 700046 B-05.07032 February 16, 2017 September 25, 2017
7 M/s Bangur Vanijya & Finance Pvt Ltd 14, Netaji Subhash Road, Kolkata – 700001 05.00578 March 03, 1998 September 25, 2017
8 M/s Bagaria Quality Steels Private Limited (Presently M/s Phuguri Tea estate Private Limited) 12C, Lord Sinha Road, Flat No. 6D, “Shyamkunja”, Kolkata - 700071 05.02618 June 04, 1998 September 25, 2017
9 M/s Sudershan Securities Limited 305, Central Plaza, 2/6, Sarat Bose Road, Kolkata – 700020 05.00751 March 09, 1998 September 27, 2017
10 M/s HI Tide Investment Private Limited SCO 120-121, 1st Floor, Sector 8-C, Madhya Marg, Chandigarh – 160009 B-06.00050 March 09, 1998 September 29, 2017
11 M/s Tolasariya Trade & Commerce Private Limited Tolasariya Towers, 90/2 Broadway, Opposite to Canara Bank, Chennai – 600108 B-05.03795 January 15, 2001 October 16, 2017
12 M/s Vanitha Finance & Investment Private Limited 8-2-120/112/A/14, Road No. 9, Jubilee Hills, Hyderabad – 500033,Telangana B-09.00361 July 03, 2001 November 02, 2017
13 M/s J.S. Hire Purchase Private Limited B-294/1, Police Lines Road, Civil Lines, Jalandhar – 144001,Punjab B.06.00443 April 01, 2009 November 03, 2017
14 M/s PN Investments Private Limited No. 12, III Main Road, Kasturba Nagar, Adyar, Chennai – 600020 B-07.00660 November 19, 2001 November 06, 2017
15 M/s Genuine Leasing Private Limited 3069, Sector 35-D, Chandigarh – 160036 B-06.00453 February 09, 2001 November 08, 2017

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 : 2017-2018/1503

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting