RBI imposes monetary penalty on AKG Infin Private Limited

Case Brief

The Reserve Bank of India imposed a monetary penalty on AKG Infin Private Limited by order dated May 18, 2026. RBI said the company did not comply with directions on ‘Acquisition of Shareholding or Control’, specifically by failing to obtain prior written permission for a change in shareholding above 26% of its paid-up equity capital. After a show-cause notice, the company’s reply and oral submissions were considered, and the charge was sustained. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934.