Reserve Bank Cancels Certificate of Registration of Gangeet Securities Limited
Case Brief
On December 28, 2007, the Reserve Bank of India cancelled the Certificate of Registration granted to Gangeet Securities Limited, whose registered office was in Hyderabad. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, in relation to the company’s authority to carry on the business of a non-banking financial institution. As a result, Gangeet Securities Limited is no longer permitted to transact NBFC business.
The Reserve Bank of India cancelled the Certificate of Registration granted to Gangeet Securities Limited 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 that following cancellation it cannot transact NBFC business.
Severity Assessment
Cancellation of a Certificate of Registration is a full licensing action and is severity 5 under the rubric.
Gangeet Securities Limited loses its RBI registration and must stop carrying on non-banking financial institution business. The restriction directly affects the company’s ability to operate as an NBFC and applies from the cancellation date.
Published as Gangeet Securities Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector