Two NBFCs surrender their Certificate of Registration to RBI

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Published on October 29, 2020

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Two 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.	Date of issue of CoR	Date of Cancellation of CoR
1	Snehalata Finance Limited	6-3-871, Snehalata Complex, Greenlands Road, Begumpet, Hyderabad, Telangana - 500016	B-09.00188	June 04, 2003	September 04, 2020
2	Jagran Media Network Investment Private Limited	2, Sarvodaya Nagar, Kanpur - 208005	B-12.00456	June 01, 2017	October 01, 2020

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: 2020-2021/557