RBI cancels Certificate of Registration of One NBFC

Case Brief

The Reserve Bank of India cancelled the Certificate of Registration of an NBFC under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release does not provide the company’s name or any additional factual allegations, only the statutory basis and the cancellation action itself.

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 state any further factual basis beyond the cancellation action itself.

Severity Assessment

Cancellation of a Certificate of Registration is a full licence/registration cancellation, which is severity 5.

Impact

The NBFC can no longer operate as a registered non-banking financial company. Any permitted NBFC activities tied to the registration cease, subject to any other legal or regulatory requirements that may apply.

Regulatory Basis

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

Affected Entities

the following company
Published as the following company
NBFC · Primary