Document title: 18 NBFCs Surrender Certificate of Registration – RBI Cancellation

Issuing authority: Reserve Bank of India, Department of Communication

Reference number: Press Release 2026-2027/675

Date: 15 July 2026

Regulatory and policy measures

The Reserve Bank of India exercised the powers conferred under Section 45‑IA(6) of the Reserve Bank of India Act, 1934 to cancel the Certificate of Registration (CoR) of eighteen Non‑Banking Financial Companies (NBFCs). The cancellations were effected in June 2026 and were announced in a press release dated 15 July 2026 (Ref 2026‑2027/675) by the Department of Communication.

The cancellations are grouped into three categories:

i) Exit from Non‑Banking Financial Institution business – the following entities surrendered their CoR:

  • Sahu Jain Limited, registered office 16A, Lajpat Nagar‑IV, South Delhi‑110024, CoR 14.00230, issued 4 March 1998, cancelled 10 June 2026.
  • Mars Viniyog Pvt. Ltd., 302, Eden Park, 20, Vittal Mallya Road, Bangalore‑560001, CoR N02.00382, issued 28 November 2025, cancelled 11 June 2026.
  • Cyrus Engineers Private Limited, 70, Nagindas Master Road, Fort, Mumbai‑400023, CoR 13.00638, issued 3 October 2016, cancelled 11 June 2026.
  • Sarthak Trades Pvt. Ltd., 19, Armenian Street, 3rd Floor, Room 407, Kolkata‑700001, CoR B.05.03642, issued 20 January 2003, cancelled 15 June 2026.
  • Sidhbinayak Tracon Pvt. Ltd., 216 A J C Bose Road, 3rd Floor, Shakespear Sarani, Kolkata‑700027, CoR B05.03524, issued 5 February 2003, cancelled 22 June 2026.

(ii) Cancellation because the entity meets criteria for an unregistered Core Investment Company (CIC) that does not require registration – the sole entity:

  • Shell Business Pvt. Ltd., 5F, Everrest 46/C, Chowringhee Road, Shakespeare Sarani, Kolkata‑700071, CoR B.05.05348, issued 5 February 2003, cancelled 17 June 2026.

(iii) Cancellation due to the NBFC ceasing to be a legal entity through amalgamation, merger, dissolution or voluntary strike‑off – the following entities:

  • Laser Financial And Project Consultants Private Limited, 107, D.D.A, Hog Market, Rajendra Place, New Delhi‑110008, CoR 13.00794, issued 25 May 1998, cancelled 1 June 2026.
  • Chatha Financial Services Private Limited, 273, 1st Floor, Mota Singh Nagar, Jalandhar‑144001, CoR B06.00116, issued 8 July 2020, cancelled 1 June 2026.
  • Ashika Global Securities Private Limited, Trinity, 226/1, A J C Bose Road (W.E.F 7th Floor), Kolkata‑700020, CoR B05.00008, issued 9 September 2014, cancelled 4 June 2026.
  • Chemicals Private Limited Placid Limited, Gandhi Road, 5th Floor Room 501, Kolkata‑700007 and 7, Munshi Premchand Sarani, Kolkata‑700022, CoR 05.00539, issued 2 March 1998 (and possibly 25 2003), cancelled 4 June 2026.
  • Kashmira Investment And Leasing Private Limited, 8th Floor B‑Wing, I‑Think Techno Campus, Pokhran Road No 2, behind TCS, Thane‑400607, CoR 13.00742, issued 20 April 1998, cancelled 8 June 2026.
  • Wadia Investments Limited, Neville House, Graham Roadballard Estate, Mumbai‑400001, CoR 13.00324, issued 11 March 1998, cancelled 11 June 2026.
  • Bikanna Commercial Co Private Limited, II Floor, Block B, Niton, No 11/3, Palace Road, Bangalore‑560001, CoR B02.00257, issued 18 May 2022, cancelled 24 June 2026.
  • Park View Properties Pvt Ltd, II Floor, Block B, Niton, No 11/3, Palace Road, Bangalore‑560001, CoR B02.00261, issued 17 October 2014, cancelled 24 June 2026.
  • PCI Marketing Pvt Ltd, II Floor, Block B, Niton, No 11/3, Palace Road, Bangalore‑560001, CoR B02.00262, issued 17 October 2014, cancelled 24 June 2026.

These actions remove the regulatory registration of the listed NBFCs, thereby terminating their ability to operate as non‑banking financial institutions under RBI supervision. The press release was signed by Brij Raj, Chief General Manager, Department of Communication.

The RBI’s systematic cancellation of the CoRs of eighteen NBFCs reflects its ongoing enforcement of registration requirements and its use of statutory powers to ensure that only compliant entities remain active in the non‑banking financial sector.