Bahadur Chand Investments Private Limited

RBI imposed a monetary penalty on Bahadur Chand Investments Private Limited, New Delhi for non-compliance with certain provisions of the Core Investment Companies (Reserve Bank) Directions, 2016 and directions on Information Technology Framework for the NBFC Sector. The inspection revealed failure to comply with RBI directions on outsourcing, to appoint an Independent Director/Chief Information Officer/Chief Technology Officer on the IT Strategy Committee, and to disclose components of Adjusted Net Worth and related information in the annual financial statements for March 31, 2021. RBI issued a show-cause notice, considered the company’s reply and oral submissions, and concluded that the contraventions were substantiated, warranting penalty under section 58G read with section 58B(5) of the RBI Act, 1934.

Bahadur Chand Investments Private Limited must absorb the financial penalty and address the compliance gaps identified by RBI. The action does not announce a business restriction, but it signals supervisory findings that may prompt remedial compliance improvements in outsourcing controls, IT governance, and statutory disclosures.