RBI cancels Certificate of Registration of 16 NBFCs
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 16 companies under Section 45-IA(6) of the RBI Act, 1934. The release names the companies and states that, following cancellation, they shall not transact the business of a Non-Banking Financial Institution as defined in the RBI Act.
The Reserve Bank of India, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of 16 companies. The release lists each company and states that, as a result, they shall not transact the business of a Non-Banking Financial Institution as defined under clause (a) of Section 45-I of the RBI Act, 1934.
Severity Assessment
Cancellation of the Certificate of Registration is a licence cancellation, which falls in severity 5 regardless of the number of entities involved.
The 16 named companies are prohibited from carrying on NBFC activities going forward. This directly affects each company’s ability to operate as a non-banking financial institution and informs counterparties and customers that NBFC business can no longer be conducted by them.
Published as M/s Apurva Marketing Private Limited
Published as M/s Swami Vinimay Ltd (formerly known as Swami Vinimay Private Limited)
Published as M/s Ess Ess Preet Finance Private Limited
Published as M/s Isher Finance Limited
Published as M/s Bhanot Finance Pvt. Limited
Published as M/s SSMB Finance and Investments Limited
Published as M/s Silver Sky Finance Limited
Published as M/s APM Investments Limited
Published as M/s Jassi Deposits Private Limited
Published as M/s Madhukan Financial Services Ltd.
Published as M/s SRU Share Brokers Limited (Presently known as Nova Publications India Limited)
Published as M/s Silesh Finance Company Private Limited
Published as M/s Kani Investments and Credit Private Limited
Published as M/s Jassi Investment and Finance Private Limited
Published as M/s Jagatjit Sugar Mills Company Ltd.
Published as M/s Kingsway Finance Pvt. Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector