RBI cancels Certificate of Registration of One 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 terse and does not name the company in the provided text, but it clearly indicates a licensing cancellation action.

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, exercising powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934, cancelled the Certificate of Registration of a company. The release does not provide the company name or any additional factual basis beyond the statutory cancellation action.

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. Any NBFC activities covered by the Certificate of Registration are halted, and the entity would need to comply with the consequences of cancellation under the RBI Act.

Regulatory Basis

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

Affected Entities

the following company
Published as following company
NBFC · Primary