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Nine Non-Banking Financial Companies (including one Housing Finance Company) surrender their Certificate of Registration to Reserve Bank of India
January, 14th 2022

The following eight Non-Banking Financial Companies (NBFCs) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). 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 CoR.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date
1 M/s Dholadhar Investments Private Limited Mann Filling Station, Kotwali Bazar, Tehsil Dharamshala, Kangra, Himachal Pradesh- 176 215 B-06.00590 February 05, 2008 October 27, 2021
2 M/s Goodwill Financial Services Private Limited No. 29(8), Haddows Road, Chennai – 600 006 B-07.00532 December 05, 2000 November 10, 2021
3 M/s Morgan Stanley India Securities Private Limited 18th Floor, Tower 2, One World Center, 841 Jupiter Textile Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai- 400 013 N-13.02091 May 26, 2015 November 15, 2021
4 M/s Sankalp Granites Private Limited SD-236, Shanti Nagar, Near ESI Hospital, Hatwara Road, Jaipur, Rajasthan- 302 006 B-10.00180 July 04, 2002 December 09, 2021
5 M/s Yardley Investment and Trading Company Private Limited 1, Sukhia Building CHSL, 3rd Floor, 14/14 A, Cawasji Patel Road, Horniman Circle, Fort, Mumbai- 400 001 13.01321 December 06, 1999 December 27, 2021
6 M/s Sri Shirdi Credit and Finance Private Limited 104, Jaya Enclave, Sai baba Temple Street, Dwarkapuri Colony, Punjagutta, Hyderabad – 500 082 N-09.00430 February 22, 2010 December 30, 2021
7 M/s Mangalam Softwares Pvt Ltd 41, Chowringhee Road, Park Street, Kolkata-700 071 05.02215 May 16, 1998 December 30, 2021
8 M/s West Bengal Industrial Development Corpn Ltd “Protiti”, 23 Abanindranath Thakur Sarani, Kolkata- 700 017 B-05.04634 August 06, 2019 December 30, 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 Reserve Bank of India Act, 1934.

Further, the following Housing Finance Company has surrendered the CoR granted by National Housing Bank (NHB). The RBI, in exercise of powers conferred on it under Section 29A (6) of the National Housing Bank Act, 1987, has therefore cancelled the CoR.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date
1 M/s Indie Homefin Private Limited C-703, Lokhandwala Residency, Manjrekar Lane, Off. Dr. E. Moses Road, Worli, Mumbai, Maharashtra- 400 018 05.0180.19 (issued by NHB) May 15, 2019 November 23, 2021

As such, the above company shall neither transact the business of a Housing Finance Institution nor of a Non-Banking Financial Institution as defined in National Housing Bank Act, 1987 and Reserve Bank of India Act, 1934, respectively.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1539

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