RBI cancels Certificate of Registration of One NBFC
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of an NBFC under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release does not provide the company’s name or any additional factual allegations, only the statutory basis and the cancellation action itself.
The Reserve Bank of India exercised its powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934 to cancel the Certificate of Registration of the company. The release does not state any further factual basis beyond the cancellation action itself.
Severity Assessment
Cancellation of a Certificate of Registration is a full licence/registration cancellation, which is severity 5.
The NBFC can no longer operate as a registered non-banking financial company. Any permitted NBFC activities tied to the registration cease, subject to any other legal or regulatory requirements that may apply.
Published as the following company
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