Reserve Bank Cancels Certificate of Registration of M/s. Gains Impex & Traders Private Limited
Case Brief
On April 8, 2008, the Reserve Bank of India cancelled the Certificate of Registration of M/s. Gains Impex & Traders Private Limited, whose registered office was at 146, Ansal Chambers II, 6 Bhikaji Cama Place, New Delhi-110066. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934. As a result, the company cannot transact the business of a non-banking financial institution.
The Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Gains Impex & Traders Private Limited under Section 45-IA(6) of the RBI Act, 1934. The company was registered to carry on the business of a non-banking financial institution, and after cancellation it cannot transact that business.
Severity Assessment
Cancellation of a Certificate of Registration is a severe licensing action with a full operational impact, which maps to severity 5.
The company is barred from carrying on non-banking financial institution business after the cancellation takes effect. This directly affects the entity and any counterparties relying on its NBFC operations; the release does not mention any deadline or remediation path.
Published as M/s. Gains Impex & Traders Private Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector