Cancellation of Certificate of Registration of NBFC

Case Brief

The Reserve Bank of India has cancelled the Certificate of Registration of an NBFC under Section 45-IA(6) of the RBI Act, 1934. The release is brief and does not name the company or specify any underlying conduct, but the action itself is a full licence-style cancellation.

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 exercised its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934 to cancel the Certificate of Registration of the company. The release does not provide the company name or additional factual details beyond the cancellation action and statutory basis.

Severity Assessment

Cancellation of a Certificate of Registration is a severity 5 licensing action.

Impact

The affected NBFC can no longer operate as a registered NBFC. The cancellation has immediate adverse regulatory impact on the entity; the release does not state any specific deadline or additional obligations.

Regulatory Basis

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