Action on Emergy Finance & Investments
Case Brief
The Reserve Bank of India has cancelled the Certificate of Registration of M/s Emergy Finance & Investments Limited, a non-banking financial company, under Section 45-IA(6) of the Reserve Bank of India Act, 1934. This is a licence-cancellation action against the NBFC.
The Reserve Bank of India cancelled the Certificate of Registration of the NBFC, M/s Emergy Finance & Investments Limited, in exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934.
Severity Assessment
Cancellation of an NBFC’s Certificate of Registration is a licence cancellation, which carries severity 5.
The company can no longer operate as an NBFC under the cancelled registration. Any financial activities requiring that registration must cease, and the action directly affects the company and its counterparties as applicable.
Published as M/s Emergy Finance & Investments Limited
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