Certificate of Registration of M/s. Chartered Finance Management Limited Cancelled
Case Brief
On August 7, 2008, the Reserve Bank of India cancelled the certificate of registration of M/s. Chartered Finance Management Limited, whose registered office was in Mumbai. The company had been carrying on the business of a non-banking financial institution but had opted to exit that business. 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. Chartered Finance Management Limited, which was carrying on the business of a non-banking financial institution. The release states that the company had opted to exit from the non-banking financial institution business. The cancellation was issued under Section 45-IA(6) of the Reserve Bank of India Act, 1934, after which the company can no longer transact the business of a non-banking financial institution.
Severity Assessment
Cancellation of an NBFC registration certificate is a severity-5 licensing action.
The company loses its ability to operate as a non-banking financial institution with immediate effect from the cancellation date. This affects the entity directly and prevents it from undertaking NBFC business going forward.
Published as M/s. Chartered Finance Management Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector