Restoration of Certificate of Registration by RBI
Case Brief
RBI has restored the Certificate of Registration previously issued to a Non-Banking Financial Company (NBFC). The restoration was made after considering orders passed by the Appellate Authority/Courts. While the restriction has been lifted, the NBFC remains subject to the RBI Act, 1934 and all applicable RBI guidelines, directions, and reporting obligations.
The release states that the Certificate of Registration issued to the NBFC has been restored. The restoration follows consideration of orders passed by the Appellate Authority/Courts. The NBFC is nevertheless advised to continue adhering to the applicable provisions of the RBI Act, 1934 and RBI guidelines/directions, including reporting requirements.
Severity Assessment
This is a withdrawal/restoration of a prior restriction, so it has no forward-looking adverse impact and carries severity 0.
The NBFC can resume operating with its Certificate of Registration restored, but it must continue complying with the RBI Act, 1934 and all RBI directions and reporting requirements. The release does not specify any immediate deadline beyond ongoing compliance obligations.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
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