Reserve Bank Cancels Certificate of Registration of M/s. Urmil Mutual Benefits Limited, New Delhi
Case Brief
On July 9, 2007, the Reserve Bank of India cancelled the certificate of registration of M/s. Urmil Mutual Benefits Limited, New Delhi, which had been granted for carrying on the business of a non-banking financial institution. The action was taken under Section 45-IA(6) of the RBI Act, 1934. As a result, the entity is no longer permitted to transact NBFC business.
The Reserve Bank of India cancelled the certificate of registration granted to M/s. Urmil Mutual Benefits Limited, New Delhi, under Section 45-IA(6) of the RBI Act, 1934. The release states that the company had been registered to carry on the business of a non-banking financial institution, and after cancellation it cannot transact that business.
Severity Assessment
Cancellation of an NBFC registration is a full licence cancellation, which is severity 5 regardless of any monetary amount.
The company must stop carrying on non-banking financial institution activities. The restriction directly affects the entity and any customers or counterparties relying on its NBFC operations, as it can no longer legally transact that business from the effective date stated in the release.
Published as M/s. Urmil Mutual Benefits Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector