Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
28 Jul 2014
Case Brief
The Reserve Bank of India has cancelled the Certificate of Registration of M/s Insilco Merchants Private Limited, which is a non-banking financial company (NBFC), under clause (a) of Section 45-I of the RBI Act, 1934. No additional facts on the conduct leading to the action are included in the provided release excerpt.
Why RBI Acted
The Reserve Bank of India cancelled the Certificate of Registration of M/s Insilco Merchants Private Limited, a non-banking financial company, under clause (a) of Section 45-I of the RBI Act, 1934. The provided text does not specify the underlying factual reasons or violations beyond the cancellation itself.
Operating Impact
The company can no longer operate as an NBFC under the cancelled registration. Any NBFC business activity requiring a valid Certificate of Registration is affected immediately, and counterparties should treat the entity as no longer licensed for regulated NBFC operations.
Regulatory Basis
- clause (a) of Section 45-I of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC