RBI cancels Certificate of Registration of M/s Shree Bhagwati Marketing Private Limited
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Shree Bhagwati Marketing Private Limited, which is identified as a non-banking financial company (NBFC). The cancellation was made under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The text provided does not state additional factual allegations or operational details beyond the cancellation itself.
The Reserve Bank of India cancelled the Certificate of Registration of M/s Shree Bhagwati Marketing Private Limited, a non-banking financial company (NBFC), in exercise of its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. No further factual grounds are provided in the supplied text.
Severity Assessment
Cancellation of an NBFC’s Certificate of Registration is a license cancellation, which carries severity 5 regardless of any monetary amount.
The company can no longer operate as an NBFC under the cancelled registration. Any ongoing NBFC business activity would need to cease or be otherwise addressed in line with applicable law.
Published as M/s Shree Bhagwati Marketing Private Limited
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