Action on Rajsee International
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Rajsee International Pvt. Ltd., whose registered office was at 70, Janpath (Second Floor), New Delhi-110015. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934. As a result, the company cannot transact the business of a non-banking financial institution.
The Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Rajsee International Pvt. Ltd. under Section 45-IA(6) of the RBI Act, 1934. The release states that the company had been registered to carry on the business of a non-banking financial institution, and following cancellation it cannot transact that business.
Severity Assessment
Cancellation of an NBFC’s Certificate of Registration is a full licence cancellation, which carries severity 5.
M/s. Rajsee International Pvt. Ltd. must stop carrying on non-banking financial institution business. The restriction affects the company directly and prevents it from undertaking NBFC activity going forward.
Published as M/s. Rajsee International Pvt. Ltd.
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