Case Brief
What Happened
The Reserve Bank of India cancelled the Certificate of Registration of 21 companies under Section 45-IA(6) of the RBI Act, 1934. The release lists each affected company and notes that they shall not transact the business of a Non-Banking Financial Institution under Section 45-I(a) of the RBI Act, 1934. This is a licence cancellation affecting multiple NBFCs, with the practical consequence that the entities lose their authorization to carry on NBFC business.
Quick Facts
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date
- 5 Sept 2025
- Effective From
- 5 Sept 2025
- Entities Affected
Why RBI Acted
The Reserve Bank of India, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of 21 named companies. The order states that, as a result, these companies 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 licence cancellation, which is severity 5 regardless of any operational details.
Impact
All 21 named companies are barred from undertaking NBFC business going forward. Customers, counterparties, and any parties dealing with these entities should treat them as no longer authorized to operate as non-banking financial institutions. The order is effective on the stated cancellation dates in September 2025 for the respective companies.
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
- 5 Sept 2025
Affected Entities
- Anand Private LimitedNBFC · Primary
Published as Anand Private Limited
- Athena Financial Services LimitedNBFC · Bulk Member
Published as Athena Financial Services Limited
- Dimples Cine Advertising Private LimitedNBFC · Bulk Member
Published as Dimples Cine Advertising Private Limited
- Elegant Capital Private LimitedNBFC · Bulk Member
Published as Elegant Capital Private Limited
Official RBI Source
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.