M/s Interactive Financial Services Limited, Ahmedabad

RBI cancelled the Certificates of Registration of 59 NBFCs. The affected companies can no longer conduct NBFC business.

All 59 listed companies lose their NBFC registration and must stop undertaking NBFC business. This directly affects the companies and any counterparties or customers relying on their NBFC operations; they may no longer legally carry on non-banking financial institution activities from the stated cancellation dates.

• 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 59 entities. This profile is linked as bulk member.

RBI cancelled the Certificate of Registration of M/s Interactive Financial Services Limited, Ahmedabad. The company can no longer carry on NBFC business.

The company must stop NBFC activity and cannot continue as a non-banking financial institution after the cancellation. This directly affects the entity’s ability to conduct regulated lending/financial business and may impact customers or counterparties dealing with it in that capacity.

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