Certificate of Registration of M/s Gaylord Ceramics Ltd. - Cancelled
Case Brief
RBI cancelled the Certificate of Registration No. 05.01939 dated May 2, 1998, issued to M/s Gaylord Ceramics Ltd., whose registered office was in Kolkata. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934, and the release says the company had voluntarily surrendered from carrying on non-banking financial institution activities.
On November 11, 2013, RBI cancelled Certificate of Registration No. 05.01939 dated May 2, 1998, issued to M/s Gaylord Ceramics Ltd. under Section 45-IA(6) of the RBI Act, 1934. The release states that the cancellation was because the company had voluntarily surrendered from carrying on NBFI activities.
Severity Assessment
Cancellation of an NBFC/NBFI certificate of registration is a licence cancellation, which carries severity 5.
M/s Gaylord Ceramics Ltd. can no longer transact the business of a non-banking financial institution. The restriction is final in effect unless separately restored through a fresh regulatory process.
Published as M/s Gaylord Ceramics Ltd.
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