ENA Sectors 2026-01-08 15:39:21 <p><span style="font-size:14px"><strong>New Delhi, Jan 8 (KNN)</strong> The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 35 non-banking financial companies (NBFCs) for failure to comply with regulatory requirements. </span></p> <p><span style="font-size:14px">The cancellations were carried out under Section 45-IA(6) of the Reserve Bank of India Act, 1934, with orders issued between December 9, 2025, and December 31, 2025.</span></p> <p><span style="font-size:14px">The central bank stated that, following the cancellation, these entities are no longer permitted to undertake the business of a non-banking financial institution, as defined under the RBI Act.</span></p> <p><strong><span style="font-size:14px">Companies Affected by Cancellation</span></strong></p> <p><span style="font-size:14px">The affected NBFCs include entities primarily based in Delhi, along with firms in Madhya Pradesh and Maharashtra. </span></p> <p><span style="font-size:14px">Among them are Satya Prakash Capital Investment Limited (Jabalpur), A G Securities Private Limited, ALB Leasing &amp; Finance Ltd, Pearls Hire Purchase Corporation Limited, Quasar India Fincap Private Limited, and Shivom Investment &amp; Consultancy Limited (Mumbai), along with several other finance, leasing, investment, and securities companies.</span></p> <p><span style="font-size:14px">According to the RBI, the cancellation of registration bars these companies from carrying on any NBFC-related activities with immediate effect.</span></p> <p><strong><span style="font-size:14px">Voluntary Surrender of Registration by 16 NBFCs</span></strong></p> <p><span style="font-size:14px">Separately, the RBI said that 16 NBFCs voluntarily surrendered their CoR, leading to its cancellation. These cases fall under three broad categories.</span></p> <p><strong><span style="font-size:14px">Exit from NBFC Business</span></strong></p> <p><span style="font-size:14px">Eight companies exited the NBFC business altogether, including Dharmesh Stock Broking Private Limited (Mumbai), Millennium Holdings Pvt. Ltd (Kolkata), Celestial Consultants Pvt. Ltd (Kolkata), Damayanti Finance &amp; Properties Pvt. Ltd (Chennai), Liquid Paper Finserve Pvt. Ltd (Delhi), Peerless Financial Services Ltd (Kolkata), Park Avenue Engineering Ltd (Mumbai), and Arvind Overseas Project Services Pvt. Ltd (Delhi).</span></p> <p><strong><span style="font-size:14px">Conversion to Unregistered Core Investment Companies</span></strong></p> <p><span style="font-size:14px">Three entities surrendered their registration after meeting the criteria for unregistered Core Investment Companies (CICs) that do not require RBI registration. These include Shyam Basic Infrastructure Projects Pvt. Ltd (Jaipur), Shruti Finsec Pvt. Ltd (Kanpur), and Sita Investment Company Ltd (Raipur).</span></p> <p><strong><span style="font-size:14px">Cessation as Legal Entities</span></strong></p> <p><span style="font-size:14px">Five NBFCs ceased to exist as legal entities due to merger, amalgamation, dissolution, or voluntary strike-off. These include Edelweiss Retail Finance Ltd (Mumbai), Super Commodities Pvt. Ltd, Silfix Tradelink Pvt. Ltd, Sakthi Traders Pvt. Ltd, and Yaduka Financial Services Ltd, all based in Kolkata.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 44706 https://knnindia.co.in/news/newsdetails/sectors/rbi-revokes-licences-of-35-nbfcs-16-others-voluntarily-surrender-registration 2026-01-08 15:39:21 knnindia.co.in