Reserve Bank Cancels Certificate of Registration of M/s. Syal Finance Limited
Case Brief
On January 15, 2008, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Syal Finance Limited, whose registered office is at S.C.F. No. 37, Urban Estate, Phase 1, Jalandhar. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. As a result, the entity is no longer permitted to transact the business of a non-banking financial institution.
The Reserve Bank of India cancelled the certificate of registration granted to M/s. Syal Finance 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, following cancellation, it cannot transact that business.
Severity Assessment
Cancellation of a Certificate of Registration is a severity-5 action because it removes the entity's authorization to operate as an NBFC.
M/s. Syal Finance Limited must stop carrying on non-banking financial institution business. The restriction has immediate operational effect and affects the company directly; customers/counterparties relying on NBFC services can no longer transact with it in that capacity.
Published as M/s. Syal Finance Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector