• As per RBI directions, these companies are now restricted to carry out the business of Non-banking Financial Institutions (NBFIs), as defined in clause (a) of Section 45-I of the RBI Act, 1934.
• Additionally, 16 other NBFCs have voluntarily surrendered their CoR to the RBI which led to the cancellation of registration for various  strategic and operational reasons.

List of NBFCs with Cancelled CoR:
Geographical Concentration:The Reserve Bank of India (RBI) stated that the cancelled NBFCs are predominantly concentrated in Delhi and the National Capital Region (NCR), with only a few located outside.
Cancelled NBFCs: Key firms in Delhi/NCR include AG Securities, ALB Leasing & Finance, ATM Credit & Investments, Corporate Capital Services India, Decisive Finance, Divine Investments, Liberty Sales, Pearls Hire Purchase Corporation, Quasar India Fincap, Sunlife Securities, Sunrise Manufacturing Co, Swito Finance & Estates, Triveni Vinimay and others.

• Outside the NCR, Shivom Investment & Consultancy Ltd is based in Mumbai, Maharashtra, while Satya Prakash Capital Investment Ltd operates from Jabalpur, Madhya Pradesh(MP).

Voluntary Surrender NBFCs :
Categories: These 16 NBFCs span across 3 main categories namely: business exit category (8 companies); meeting unregistered CIC criteria (3 companies); and corporate restructuring (5 companies).