Venlon Securities Private Limited

The Reserve Bank of India cancelled the Certificate of Registration (CoR) of 12 companies in exercise of powers under Section 45-IA(6) of the RBI Act, 1934. The listed entities include Garnet Finance Limited, Shrikunj Financial Services Private Limited, Allied Commodities Private Limited, Venlon Securities Private Limited, Priyadarshini Consultancy & Services Private Limited, Prince Global Financial Services Limited, Prince Motor Finance Company Limited, Dipankar Properties & Investments Private Limited, Goldrich Agro Limited (presently known as Longtail Capital Limited), Unnati Mercantile Ltd., Mercury Investments Limited, and Carefree Investment Company Limited. As a result, these companies shall not transact the business of a Non-Banking Financial Institution as defined in the RBI Act.

The affected companies lose their RBI registration and must stop carrying on NBFC business. Counterparties, borrowers, and other stakeholders should not treat them as authorised NBFCs after the stated cancellation dates; each entity is affected from its respective date of cancellation.