surrender | Common News Update

May192020 by adminNo Comments

Nine NBFCs surrender certificate of registration

Finance

Mumbai: Nine NBFCs, including Reliance Net and Nischaya Finvest Private Limited, have surrendered their certificate of registration, the Reserve Bank of India said on Tuesday. Penrose Mercantiles Ltd, Manohar Finance India Ltd, Chandelier Tracon Pvt Ltd, and Sanghi Hire Purchase Ltd are among the NBFCs which have surrendered their certificates. The certificate of registration is granted by the RBI. With surrendering the certificates, the companies cannot transact the business of a non-banking financial institution. In another statement, the central bank said it has cancelled the certificate of registration of 14 non-banking financial companies (NBFCs). Primus Capital Private Limited (Formerly known as Rapid Growth Capital Services Private Limited), Bharat Finance and Industries Limited...

5,661 requests for surrender or cancellation of DDA flats: Govt

Finance

New Delhi: The Delhi Development Authority (DDA) recieved 5,661 requests for surrender or cancellation of flats alloted to the applicants in housing scheme for 2017, the Rajya Sabha was informed today. "Most of the applicants have not provided any specific reason for surrender but some of the applicants have stated that the built up area of the alloted flats were not up to their requirement," Minister of State (Indepenent Charge) for Housing and Urban Affairs Minister Hardeep Singh Puri said in a written reply. The DDA had received over 46,000 applications under the 2017 housing scheme for over 12,000 flats. The costs of those flats ranged from nearly Rs 7 lakh to over Rs 1.20 crore, a DDA official had said earlier. Of the total number of flats, around 10,000 unoccupied ones were...

Mosul ISIS fighters feigning surrender in order to attempt suicide attacks

World

In a "desperate ploy," ISIS fighters in Mosul attempted to feign surrender to Iraqi Security Forces Monday in order to get close enough to conduct a mass suicide attack, the top U.S. commander in Iraq said today. Army Lt. Gen. Stephen Townsend, commander of Combined Joint Task Force-Operation Inherent Resolve, said that after an ISIS commander communicated to the Iraqi Security Forces that he wanted to surrender a group of fighters, the Iraqi commander "sensed something was amiss." In response, the Iraqi commander told the ISIS commander that fighters would have to come out in small groups. ISIS maintained they wanted to come out as a large group. "He told him, 'Nope, you come out with your hands up, leave your weapons behind, come out with your hands up in small elements,' and they dec...