Action on Anand Private
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 21 companies under Section 45-IA(6) of the RBI Act, 1934. The release lists each affected company and notes that they shall not transact the business of a Non-Banking Financial Institution under Section 45-I(a) of the RBI Act, 1934. This is a licence cancellation affecting multiple NBFCs, with the practical consequence that the entities lose their authorization to carry on NBFC business.
The Reserve Bank of India, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of 21 named companies. The order states that, as a result, these companies shall not transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act, 1934.
Severity Assessment
Cancellation of Certificate of Registration is a licence cancellation, which is severity 5 regardless of any operational details.
All 21 named companies are barred from undertaking NBFC business going forward. Customers, counterparties, and any parties dealing with these entities should treat them as no longer authorized to operate as non-banking financial institutions. The order is effective on the stated cancellation dates in September 2025 for the respective companies.
Published as Anand Private Limited
Published as Athena Financial Services Limited
Published as Dimples Cine Advertising Private Limited
Published as Elegant Capital Private Limited
Published as Panchasar Leasing and Invstment Ltd.
Published as Champion Finsec Limited
Published as Ottoman Finlease and Investments Private Limited
Published as Shrenuj Investments and Finance Private Limited
Published as Devi Investments Private Limited
Published as Shah Financial Services Limited
Published as Trimline Investments Co Ltd.
Published as Xrbia Financial Services Private Limited
Published as Anand Corporate Holdings Private Limited
Published as Barter Leasing And Finance Pvt Ltd
Published as Diwan Sons Holding & Consultancy Pvt Ltd
Published as Fax Computers and Finance Services Private Limited
Published as Monotona Securities Ltd.
Published as Morta Finlease and Investments Private Limited
Published as Pal Credit & Capital Limited
Published as Shyamal Holdings and Trading Limited
Published as Dhuleva Finance Pvt Ltd
Published as Aastha Broad Casting Network Limited
Published as Unno Industries Limited