Six NBFCs surrender their Certificate of Registration to RBI

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Published on August 02, 2019

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Six 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.	Financial Arm India Private Limited	D-315, Defence Colony, New Delhi-110 024	14.01579	February 28, 2000	May 16, 2019
2.	IT Infrastructure Development Corporation Limited (presently known as IT Infrastructure Development Corporation Private Limited)	L-2A, Hauz Khas Enclave, New Delhi-110 016	14.00924	June 01, 1998	May 17, 2019
3.	J.S.P. Capitals & Securities Ltd.	Saraf Building Annex, A.T. Road, Guwahati-781 001	B.08.00133	November 09, 2000	June 03, 2019
4.	Kunal Exports Private Ltd.	Room No. 223, 2nd Floor, Alphanso Estate, 5 Mangoe Lane, Kolkata-700 001	05.00929	March 12, 1998	June 07, 2019
5.	Pushpanjali Trexim Limited (Presently known as Pushpanjali Trexim Private Limited)	A-7, First Floor, Geetanjali Enclave, New Delhi-110 017	B-05.06218	March 04, 2004	June 07, 2019
6.	Solex Finance Private Limited	180, M.G. Road, 3rd Floor, Kolkata-700 007	B.05.04487	October 04, 2001	July 15, 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: 2019-2020/319