Restoration of Certificate of Registration of one NBFC

Case Brief

RBI announced restoration of the Certificate of Registration (CoR) of Goli Finance Limited, an NBFC with registered office in Dwarka, Delhi, after taking into account orders passed by the Appellate Authority/Court. The release notes that the company must adhere to the applicable provisions of the Reserve Bank of India Act, 1934, and all RBI guidelines/directions, including reporting requirements.

Action Snapshot

Primary Impact: Lifted
Entity Type: NBFC
Location: Dwarka, Delhi
Order Date

Unknown date

Effective From

26 Jul 3172

Entities Affected

1

Why RBI Acted

Licensing breachReporting & disclosure

The Reserve Bank of India restored the Certificate of Registration (CoR) issued to Goli Finance Limited after considering the orders passed by the Appellate Authority/Court. The company is advised to comply with the applicable provisions of the RBI Act, 1934, and RBI guidelines/directions, including reporting requirements.

Severity Assessment

This is a restoration of a prior cancellation/suspension rather than an adverse forward-looking action, so severity is 0.

Impact

The earlier restriction on the NBFC has been lifted, so Goli Finance Limited can resume operating under its CoR subject to ongoing compliance with RBI law, directions, and reporting obligations. The immediate impact is positive for the company and its customers/counterparties because the licensing barrier is removed.

Regulatory Basis

Reserve Bank of India Act, 1934

Restrictions & Effective Timeline

Effective From: 26 Jul 3172
Effective Until: 31 Jul 2026

Affected Entities

Goli Finance Limited
Published as Goli Finance Limited
NBFC · Primary