RBI cancels Certificate of Registration

Case Brief

In this release, the Reserve Bank of India states that it has cancelled the Certificate of Registration of the following non-banking financial companies (NBFCs) under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The excerpt provided does not include the individual company names or any additional factual basis beyond the statutory cancellation reference.

Action Snapshot

Primary Impact: License cancellation
Entity Type: NBFC
Action Type: License cancellation
Order Date

Unknown date

Effective From

Unknown date

Entities Affected

1

Why RBI Acted

Licensing breach

The release states that the Reserve Bank of India has cancelled the Certificate of Registration of the following non-banking financial companies (NBFCs) in exercise of its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. No individual company names or further grounds are provided in the supplied text.

Severity Assessment

Cancellation of a Certificate of Registration is a severe licensing action and falls in severity 5.

Impact

The affected NBFCs can no longer operate under their RBI registration. This is a forward-looking adverse action that removes their authorization to carry on NBFC business, with consequences for their lending and other regulated financial activities.

Regulatory Basis

Section 45-IA (6) of the Reserve Bank of India Act, 1934