Certificate of Registration of M/s. Varun Capital Services Private Limited Cancelled
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Varun Capital Services Private Limited on October 01, 2008 under Section 45-IA(6) of the RBI Act, 1934. RBI said the company had ceased to be a non-banking financial institution and was not traceable, and also noted that it had not surrendered its original Certificate of Registration. As a result, the company cannot carry on the business of a non-banking financial institution.
On October 01, 2008, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Varun Capital Services Private Limited under Section 45-IA(6) of the RBI Act, 1934. RBI stated that the company had ceased to be a non-banking financial institution and was not traceable. The release also notes that the company had not surrendered its original Certificate of Registration.
Severity Assessment
Cancellation of a Certificate of Registration is a full licence/registration cancellation, which is severity 5 regardless of any monetary amount.
The company is no longer permitted to transact NBFC business. Members of the public are cautioned against misuse of the cancelled Certificate of Registration, and the cancellation remains effective from October 01, 2008.
Published as M/s. Varun Capital Services Private Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector