Action on Vatican Commercial
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Vatican Commercial Limited, which is identified as a non-banking financial company (NBFC). The action was taken under Section 45-IA(6) of the Reserve Bank of India Act, 1934. No additional allegations or underlying conduct are described in the provided text.
The Reserve Bank of India cancelled the Certificate of Registration of M/s Vatican Commercial Limited, a non-banking financial company (NBFC), in exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release does not state additional factual findings beyond the cancellation action itself.
Severity Assessment
Cancellation of an NBFC’s Certificate of Registration is a complete licence cancellation, which maps to severity 5.
The company can no longer operate as an NBFC under the cancelled Certificate of Registration. Any NBFC-related activities that depended on that registration are affected immediately, subject to any separate legal or transitional requirements not mentioned in the release.
Published as M/s Vatican Commercial Limited
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