RBI cancels Certificate of Registration of one NBFC and one ARC
Case Brief
The Reserve Bank of India announced the cancellation of the Certificate of Registration of a company under Section 45-IA(6) of the Reserve Bank of India Act, 1934. Based on the excerpt provided, this is a registration/licensing action, but the company name and the detailed reasons for the cancellation are not included.
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 provided text excerpt does not state the specific reasons for cancellation or identify the company by name.
Severity Assessment
Cancellation of a Certificate of Registration is a full licence/registration withdrawal and is severity 5.
The affected entity can no longer operate as an NBFC/ARC under the cancelled Certificate of Registration. Any business that depended on that registration must cease, subject to any further regulatory or legal steps mentioned in the full order.
Published as following company
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