Action on Alchemist Holdings
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Alchemist Holdings Ltd., New Delhi, which is a non-banking financial company (NBFC). The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, and the release says it was taken on supervisory grounds. No further specifics are provided in the excerpt.
The Reserve Bank of India cancelled the Certificate of Registration of M/s Alchemist Holdings Ltd., New Delhi, a non-banking financial company, in exercise of powers under Section 45-IA(6) of the RBI Act, 1934. The release states that the cancellation was made on supervisory grounds, but does not provide further factual detail in the excerpt.
Severity Assessment
Cancellation of an NBFC’s Certificate of Registration is a full license cancellation, which is severity 5 regardless of any other factors.
The NBFC can no longer operate as a registered non-banking financial company. This is a terminal regulatory action affecting the entity’s ability to conduct NBFC business, with consequences for its ongoing operations and counterparties.
Published as M/s Alchemist Holdings Ltd., New Delhi
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