RBI cancels Certificate of Registration

Case Brief

The Reserve Bank of India cancelled the Certificate of Registration of the NBFC(s) mentioned in the release under Section 45-IA(6) of the RBI Act, 1934. No additional entity-specific details or factual grounds are provided in the excerpt.

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 Reserve Bank of India cancelled the Certificate of Registration of the listed non-banking financial company(ies) under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release does not provide further company-specific facts or the underlying grounds beyond the statutory basis for cancellation.

Severity Assessment

Cancellation of a Certificate of Registration is a license cancellation, which is severity 5.

Impact

The affected NBFC can no longer operate as a registered NBFC under RBI authorization. Any continuation of NBFC business would be prohibited unless otherwise permitted by law or a fresh registration is obtained.

Regulatory Basis

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