13 NBFC surrender Certificates of Registration to RBI

Mumbai, Mar 18 (KNN) As many as 13 Non-Banking Financial Companies (NBFCs) have surrendered their certificates of registration to the Reserve Bank of India (RBI).

RBI said these 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.

Six of them are Maharashtra based - M/s K & P Capital Services Ltd; M/s BFIL Finance Ltd; M/s Unique Pharmaceutical Laboratories Ltd; M/s Streamline Finance and Investment Pvt. Ltd; M/s Roopa Sona Leasing Private Limited; and M/s RBS Financial Services (India) Private Limited.

Two Delhi based NBFCs are M/s Sturdy Sales Private Limited; and M/s Summit Inport Services Limited.

Other NBFC are – Patna based M/s Paragon Securities Pvt. Ltd.; Jalandhar based M/s N. S. Hire Purchase Private Limited;  Kolkata based M/s HRG Finance and Investment Consultants Private Limited (Presently Utkal Realtors Private Limited); Indore based M/s Rajat Capital Market Private Limited; and Chennai based M/s Aashna Investments Private Limited.

Last week, RBI has cancelled certificates of 6 NBFCs. (KNN Bureau)