Seven NBFCs surrender their Certificate of Registration to RBI

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Published on December 26, 2019

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Seven NBFCs surrender their Certificate of Registration to RBI

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.	On Wheels Auto Finance and Leasing Private Limited (Formerly known as On Wheel Auto Finance and Leasing Limited)	18/14, W.E.A. Karol Bagh, New Delhi-110 005	B-14.00138	March 11, 2004	October 04, 2019
2.	Vaishali Financial Services Private Limited	A-69, Pushpanjali Enclave, Pitam Pura, New Delhi-110 034	B-14.02920	May 27, 2003	October 17, 2019
3.	Majestic Holdings Private Limited	Continental House 28 Nehru Place, New Delhi 110 019	14.00495	March 19, 1998	November 04, 2019
4.	TSL Holdings Limited	H-2, Second Floor, Alaknanda Comm Complex, Alaknanda, New Delhi-110 019	B-14.01232	October 03, 2002	November 06, 2019
5.	SPA Securities Limited	503, 5th Floor, Prakash Deep Building, 7 Tolstoy Marg, New Delhi-110 001	B-14-02269	February 26, 2001	November 07, 2019
6.	Jagapati Finance Private Limited	Plot No.82, Kavuri Hills, Phase II, Madhapur, Hyderabad-500 081, Telangana	B-09.00380	December 24, 2001	November 08, 2019
7.	Punjab Properties Limited	2739, Ground Floor, Gali No. 13, Ranjit Nagar, New Delhi-110 008	14.00336	March 07, 1998	November 20, 2019

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 RBI Act, 1934.

(Yogesh Dayal)
Chief General Manager

Press Release: 2019-2020/1518