M/s Alchemist Holdings Limited

RBI cancelled the Certificates of Registration of three NBFCs. After cancellation, they can no longer conduct non-banking financial business.

All three companies are barred from carrying on NBFC business going forward. Customers, borrowers, and counterparties should treat their ability to operate as a regulated NBFC as समाप्त/terminated, subject to any separate legal or winding-up processes.

• Section 45-IA (6) of the Reserve Bank of India Act, 1934
• clause (a) of Section 45-I of the Reserve Bank of India Act, 1934

This RBI action affected 3 entities. This profile is linked as primary.

RBI cancelled the Certificate of Registration of M/s Alchemist Holdings Ltd., New Delhi. The action was taken on supervisory grounds under Section 45-IA(6) of the RBI Act.

The NBFC can no longer operate as a registered non-banking financial company. This is a terminal regulatory action affecting the entity’s ability to conduct NBFC business, with consequences for its ongoing operations and counterparties.

• Section 45-IA (6) of the Reserve Bank of India Act, 1934