RBI cancels Certificate of Registration
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of the NBFC(s) mentioned in the release under Section 45-IA(6) of the RBI Act, 1934. No additional entity-specific details or factual grounds are provided in the excerpt.
The Reserve Bank of India cancelled the Certificate of Registration of the listed non-banking financial company(ies) under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release does not provide further company-specific facts or the underlying grounds beyond the statutory basis for cancellation.
Severity Assessment
Cancellation of a Certificate of Registration is a license cancellation, which is severity 5.
The affected NBFC can no longer operate as a registered NBFC under RBI authorization. Any continuation of NBFC business would be prohibited unless otherwise permitted by law or a fresh registration is obtained.
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