Action on Deutsche Securities India
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Deutsche Securities India Pvt. Ltd. (DSIPL), an NBFC, under Section 45-IA(6) of the RBI Act, 1934. No further facts or reason for the cancellation are stated in the provided text.
The Reserve Bank of India cancelled the Certificate of Registration of M/s Deutsche Securities India Pvt. Ltd. (DSIPL), a non-banking financial company, in exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release does not provide additional factual grounds beyond the cancellation itself.
Severity Assessment
Cancellation of an NBFC's Certificate of Registration is a licence cancellation, which carries severity 5.
DSIPL can no longer operate as an NBFC under the cancelled registration. The action directly affects the company and any counterparties relying on its NBFC status; no additional deadline or remedial timeline is stated.
Published as M/s Deutsche Securities India Pvt. Ltd. (DSIPL)
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