RBI cancels Certificate of Registration of three NBFCs
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of three NBFCs: M/s Mona Finvest Private Limited, Jinvani Commercial Private Limited, and M/s Negus Mercantile Private Limited. The cancellations were issued under Section 45-IA(6) of the RBI Act, 1934 because they were carrying on the business of a non-banking financial institution. As a result, the companies are no longer permitted to transact NBFC business.
The Reserve Bank of India cancelled the Certificate of Registration of three non-banking financial companies under Section 45-IA(6) of the RBI Act, 1934 for carrying on the business of a non-banking financial institution. The companies named are Mona Finvest Private Limited, Jinvani Commercial Private Limited, and Negus Mercantile Private Limited, all based in Kolkata. After cancellation, they cannot transact the business of a non-banking financial institution.
Severity Assessment
Cancellation of the Certificate of Registration is a license cancellation, which is severity 5.
The affected companies must stop transacting non-banking financial institution business. This primarily impacts the three NBFCs themselves and any customers or counterparties relying on their lending or financial services operations.
Published as Jinvani Commercial Private Limited
Published as M/s Mona Finvest Private Limited
Published as M/s Negus Mercantile Private Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector