RBI cancels Certificate of Registration of One NBFC

Case Brief

The Reserve Bank of India has cancelled the Certificate of Registration of One NBFC under Section 45-IA(6) of the Reserve Bank of India Act, 1934. This is a licence-cancellation action against an NBFC. The release does not disclose the specific conduct or breach that led to the 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 additional facts about the underlying contraventions or operational lapses.

Severity Assessment

Cancellation of a Certificate of Registration is a full licence cancellation, which carries severity 5 regardless of any monetary amount.

Impact

The entity can no longer operate as an RBI-registered NBFC. Any continuing business would be subject to the legal consequences of having its Certificate of Registration cancelled, and counterparties should treat the firm as having lost its NBFC authorisation.

Regulatory Basis

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

Affected Entities

One NBFC
Published as One NBFC
NBFC · Primary