Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
31 Jul 2009
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to Kampilya Investments Private Limited, whose registered office was in Bangalore, under Section 45-IA(6) of the RBI Act, 1934. The cancellation means the company cannot transact the business of a non-banking financial institution going forward.
Why RBI Acted
The Reserve Bank of India cancelled the Certificate of Registration granted to Kampilya Investments Private Limited under Section 45-IA(6) of the RBI Act, 1934. The release states the company was registered to carry on the business of a non-banking financial institution, and after cancellation it cannot transact that business.
Operating Impact
Kampilya Investments Private Limited is barred from carrying on NBFC business after the cancellation. This directly affects the company’s operations and any counterparties relying on its ability to conduct non-banking financial activities.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
- Section 45-I of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Order Date
- 1 Jul 2009
- Effective From
- 1 Jul 2009
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC