Feb 17, Tuesday, 2025: On Friday, the Reserve Bank of India (RBI) stated that 20-non non-bank financial companies, including Reliance Commercial Finance and IDFC Limited, have surrendered their certificate of registration (CoR).
Two non-banking financial companies (NBFCs) have surrendered their CoR as they have exited from the non-banking financial institution business. These companies will not be allowed to do business as non-banking finance companies.
These NBFCs are Monoway Investments Private Limited and Reliance Commercial Finance Limited. IDFC Ltd, IDFC Financial Holding Company Ltd, and other 16 entities surrendered the Certificate of Registration as it ceased to be a legal entity due to the merger.
Due to exiting the banking financial institution business, two NBFCs of Maharashtra have surrendered the CoR to RBI.
In another statement, the RBI canceled the CoR of the 17 NBFCs whose licenses were registered in West Bengal. In another statement, RBI has restored the license of Kamdhenu Finance Company Pvt Ltd after considering the orders passed by Appellate Authority/Courts.
A total of 20 NBFCs have surrendered the CoR due to amalgamation/merger/dissolution/voluntary strike-off. Companies including West Bengal’s CRB Agency Private Limited, Agarwal Iron and Steel Company Limited, Akashganga Suppliers Private Limited, and Brain Trust Securities Private Limited have surrendered their COR. Apart from this, Chennai-based IDFC Financial Holding Company Limited and IDFC Limited have also surrendered their COR. Mumbai-based Birla Family Investment Private Limited and Birla TMT Holdings Private Limited have also surrendered their COR.
Companies that are canceled include:
- Zaynn Financial Service Private Limited
- Kolkata Namokar Consultant Private Limited
- Salasarji Merchant Private Limited, Howrah
- Outram Estates Private Limited, Kolkata
- PK Mercantile Private Limited, Kolkata
- Panorama Financial Private Limited, Kolkata
- Prasant Impex Private Limited, Kolkata
- Ramuka Commercial Private Limited, Kolkata
- Pretius Merchant Private Limited, Howrah
- Castle Fincon Private Limited, Kolkata
- Kishoreray Trading Holding Private Limited, Howrah
- Gama Commerce Private Limited, Kolkata
- Itamari Commerce Private Limited, Howrah
- Divya Dealers, Kolkata
- Preference Technologies Private Limited, Kolkata
- ITC Marketing Private Limited, Kolkata.
Keep Reading Questiqa.in and Questiqa Bharat for more updates.
