RBI cancels Certificate of Registration of 3 NBFCs
Case Brief
In a fresh enforcement action, RBI cancelled the Certificate of Registration of three NBFCs: M/s Shubh Leasing Private Limited, M/s Global Securities Limited, and M/s Amitosa Leasing & Finance Private Limited. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. Following the cancellation, these entities are barred from transacting the business of a non-banking financial institution.
The Reserve Bank of India cancelled the Certificate of Registration of three non-banking financial companies in exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release lists M/s Shubh Leasing Private Limited, M/s Global Securities Limited, and M/s Amitosa Leasing & Finance Private Limited. As a result of the cancellation, these companies are no longer permitted to carry on the business of a non-banking financial institution as defined under Section 45-I(a) of the RBI Act, 1934.
Severity Assessment
Cancellation of NBFC registration is a licence cancellation, which is severity 5 regardless of any other factors.
The three companies must stop carrying on NBFC activities and cannot accept or conduct business as non-banking financial institutions. This directly affects the companies and any counterparties relying on their NBFC operations.
Published as M/s Shubh Leasing Private Limited
Published as M/s Global Securities Limited
Published as M/s Amitosa Leasing & Finance Private Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector