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5 NBFCs surrender their Certificate of Registration to RBI

The following 5 Non-Banking Financial Companies (NBFC) 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.                                                             

1. Due to exit from Non-Banking Financial Institution (NBFI) business:

Sr. No.

Name of the Company

Registered Office Address

CoR No.

CoR Issued on

Date of Cancellation of CoR

1

Radical Fincap Private Limited

Plot No. 20, Nawab Area Layout, Tilak Nagar, Nagpur, Maharashtra - 440010

B-13.02164

August 22, 2017

December 15, 2023

2

Volkswagen Finance Private Limited

Wework, 4th Floor, Building No. 4, North Wing, NESCO IT Park, Western Express Highway, Goregaon, Mumbai, Maharashtra -  400 063

N-13.01988

March 17, 2011

December 15, 2023

3

Sterling Guaranty & Finance Limited

No 3rd and 4th, 3rd Floor, The Centrium, Village Kurla Kirol, Kurla (W), Mumbai, Maharashtra - 400070

13.01229

April 20, 1999

December 15, 2023

4

Esteem Credits and Investments Private Limited

No.64, B-Block, Anna Nagar East, Chennai, Tamilnadu – 600040

B-07.00626

June 22, 2001

December 20, 2023

2. Due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that does not require registration:

Sr. No.

Name of the Company

Registered Office Address

CoR No.

CoR Issued on

Date of Cancellation of CoR

1

Sampada Business Solutions Limited

5th Floor, Ashoka My Home Chambers, Sindhi Colony, SP Road, Begumpet, Hyderabad, Telangana, -500003

N-09.00477

May 15, 2023

December 29, 2023

 

(Yogesh Dayal)       
Chief General Manager

Press Release: 2023-2024/1655 

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