Certificate of Registration of S.K.Capsec Private Limited – Cancelled
Case Brief
On April 19, 2011, the Reserve Bank of India cancelled the Certificate of Registration No. B-12.00198 granted to S.K.Capsec Private Limited for carrying on the business of a non-banking financial institution. The release says the cancellation was under Section 45-IA(6) of the RBI Act, 1934, and that the company had voluntarily exited the business. As a result, the company can no longer transact the business of a non-banking financial institution.
The Reserve Bank of India cancelled Certificate of Registration No. B-12.00198, granted on July 26, 2000, to S.K.Capsec Private Limited 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 an NBFC Certificate of Registration is a severity 5 action.
S.K.Capsec Private Limited is no longer permitted to carry on NBFC business after the cancellation. The action fully removes its ability to transact as a non-banking financial institution, effective from the cancellation date stated in the release.
Published as S.K.Capsec Private Limited
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