Reetu | Nov 13, 2023 |
4 NBFCs and 2 HFCs surrender their Certificate of Registration to RBI
The Four Non-Banking Financial Companies (NBFC) had 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.
The following Four Non-Banking Financial Companies are as follows:
i) Due to exit from Non-Banking Financial Institution (NBFI) business:
ii) Due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that does not require registration:
iii) Due to NBFC ceasing to be a legal entity after amalgamation/merger/dissolution/ voluntary strike-off, etc.:
Further, the following Housing Finance Companies (HFC) have surrendered the Certificate of Registration (CoR) granted by National Housing Bank. The RBI, in exercise of powers conferred on it under Section 29A of National Housing Bank Act, 1987, has therefore cancelled their CoR.
iv) Due to exit from Housing Finance Institution business:
v) Due to HFC ceasing to be a legal entity after amalgamation/merger/dissolution/ voluntary strike-off, etc.:
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