Case Brief
What Happened
The Reserve Bank of India cancelled the Certificate of Registration of 150 companies under Section 45-IA(6) of the RBI Act, 1934. This is a bulk action against the listed NBFCs across multiple locations, and the release states that they shall not transact the business of a Non-Banking Financial Institution as defined in the Act.
Quick Facts
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date
- 6 Apr 2026
- Effective From
- 6 Apr 2026
- Entities Affected
Why RBI Acted
Under Section 45-IA(6) of the Reserve Bank of India Act, 1934, RBI cancelled the Certificate of Registration of 150 companies. The order is a bulk cancellation of CoR for the listed entities, and the release further states that the companies shall not transact the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the RBI Act, 1934.
Severity Assessment
Cancellation of Certificate of Registration is a licence/registration cancellation, which carries severity 5 regardless of the number of entities involved.
Impact
All 150 listed companies lose their CoR and must stop carrying on NBFC business. The order directly affects the companies named in the release and prevents them from operating as Non-Banking Financial Institutions going forward.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
- clause (a) of Section 45-I of the RBI Act, 1934
Restrictions & Effective Timeline
- Effective From
- 6 Apr 2026
- Effective Until
- 27 Apr 2026
Affected Entities
- Akin Vincom Pvt LtdNBFC · Primary
Published as Akin Vincom Pvt Ltd
- Admire Vinimay Pvt LtdNBFC · Bulk Member
Published as Admire Vinimay Pvt Ltd
- Sheily Fiscal Services Pvt LtdNBFC · Bulk Member
Published as Sheily Fiscal Services Pvt Ltd
- Advantage Equi Fund Pvt LtdNBFC · Bulk Member
Published as Advantage Equi Fund Pvt Ltd
- ANP Investments Limited
Published as ANP Investments Limited
Official RBI Source
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.