Certificate of Registration - Cancelled
Case Brief
The Reserve Bank of India cancelled the Certificates of Registration of M/s. Bholanath Khanna & Company Private Limited and M/s. Sunny Finlease Private Limited, both registered in New Delhi, for carrying on the business of a non-banking financial institution. The action was taken under Section 45-IA(6) of the RBI Act, 1934. As a result, the companies are no longer permitted to transact the business of an NBFC.
The Reserve Bank of India cancelled the certificates of registration granted to M/s. Bholanath Khanna & Company Private Limited and M/s. Sunny Finlease Private Limited, under Section 45-IA(6) of the RBI Act, 1934. The release states that following cancellation of the registration certificate, the companies cannot carry on the business of a non-banking financial institution.
Severity Assessment
Cancellation of a Certificate of Registration is a full licence cancellation, which carries severity 5 regardless of any monetary amount.
Both companies must stop NBFC operations immediately and cannot legally undertake non-banking financial institution business going forward. The restriction directly affects the firms and any customers or counterparties relying on their NBFC activities.
Published as M/s. Sunny Finlease Private Limited
Published as M/s. Bholanath Khanna & Company Private Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector