Reserve Bank Cancels Certificate of Registration of Fantasy Securities Private Limited, Kanpur
Case Brief
On December 27, 2005, the Reserve Bank of India cancelled the certificate of registration of Fantasy Securities Private Limited, whose registered office is in Kanpur, Uttar Pradesh. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, for the company’s non-banking financial institution business. As a result, Fantasy Securities Private Limited cannot transact the business of a non-banking financial institution.
The Reserve Bank of India cancelled the certificate of registration granted to Fantasy Securities Private Limited, Kanpur, under Section 45-IA(6) of the RBI Act, 1934. The release states that the company was registered to carry on the business of a non-banking financial institution, and following cancellation it cannot transact that business.
Severity Assessment
Cancellation of a certificate of registration is a complete licence cancellation, which is severity 5 under the rubric.
Fantasy Securities Private Limited is prohibited from continuing its non-banking financial institution business after the cancellation. Customers and counterparties should treat the firm as unable to operate as an RBI-registered NBFC, effective from the cancellation date, December 27, 2005.
Published as Fantasy Securities Private Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector