Case Brief
What Happened
In this release, the Reserve Bank of India cancelled the Certificate of Registration of 31 companies under Section 45-IA(6) of the RBI Act, 1934. The named entities span multiple locations and include firms such as Kamsco Industries Pvt Ltd, Pharma Trading Co Pvt Ltd, Reliable Housing and Finance India Limited, and others. The cancellation order dates in the list run from 1 August 2025 through 26 August 2025. Following the cancellation, the companies are not permitted to transact the business of a non-banking financial institution under the RBI Act.
Quick Facts
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal
- Order Date
- 1 Aug 2025
- Effective From
- 1 Aug 2025
- Entities Affected
Why RBI Acted
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 (CoR) of 31 companies. The release lists each company and its registered office / CoR details, with cancellation order dates ranging from 1 August 2025 to 26 August 2025. As a consequence, these entities shall not transact the business of a non-banking financial institution as defined in Section 45-I(a) of the RBI Act, 1934.
Severity Assessment
Cancellation of Certificate of Registration is a complete license cancellation, which maps to severity 5 regardless of the absence of a monetary penalty.
Impact
All 31 listed companies must stop NBFC საქმიანությունների/operations and cannot legally transact non-banking financial institution business going forward. This affects the companies themselves and any customers, counterparties, or borrowers relying on them for NBFC services.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
- Section 45-I(a) of the RBI Act, 1934
Restrictions & Effective Timeline
- Effective From
- 1 Aug 2025
Affected Entities
- Kamsco Industries Pvt LtdNBFC · Primary
Published as Kamsco Industries Pvt Ltd
- Reliable Housing and Finance India LimitedNBFC · Bulk Member
Published as Reliable Housing and Finance India Limited
- Zenith Capitals LimitedNBFC · Bulk Member
Published as Zenith Capitals Limited
- Swift Finlease (India) LimitedNBFC · Bulk Member
Published as Swift Finlease (India) Limited
Official RBI Source
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.