RBI cancelled Certificate of Registration of Ask Financial Services Limited
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Ask Financial Services Limited, an NBFC, under Section 45-IA(6) of the Reserve Bank of India Act, 1934. This is a licence cancellation and ends the company's authority to operate as an NBFC.
The Reserve Bank of India cancelled the Certificate of Registration of Ask Financial Services Limited, which is a non-banking financial company, in exercise of its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934.
Severity Assessment
Cancellation of an NBFC's Certificate of Registration is a full licence cancellation, which falls under severity 5.
Ask Financial Services Limited can no longer carry on NBFC business under the cancelled registration. The company is prevented from operating as a registered non-banking financial company unless it obtains fresh regulatory approval or registration, as applicable.
Published as Ask Financial Services Limited
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