Certificate of Registration of M/s. Shine Blue Auto Finance Pvt. Ltd. - Cancelled
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Shine Blue Auto Finance Pvt. Ltd., whose registered office was in Jalandhar, under Section 45-IA(6) of the RBI Act, 1934. The release says the company had voluntarily exited the non-banking financial institution business. As a result, it can no longer transact the business of a non-banking financial institution.
The Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Shine Blue Auto Finance Pvt. Ltd. under Section 45-IA(6) of the RBI Act, 1934. The release states that the cancellation was because the company had voluntarily exited from the business of a non-banking financial institution.
Severity Assessment
Cancellation of a Certificate of Registration is a severity-5 action because it removes the entity’s licence to carry on the regulated business.
The company is prohibited from carrying on non-banking financial institution business going forward. This affects the entity directly and removes its ability to operate as an NBFC/financial institution under the cancelled registration.
Published as M/s. Shine Blue Auto Finance Pvt. Ltd.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector