M/s. Unitara Finance Limited

RBI cancelled the CoR of six NBFCs under Section 45-IA(6) of the RBI Act. The companies can no longer conduct non-banking financial institution business.

These six companies lose the legal ability to operate as NBFCs and must cease NBFC business. Customers and counterparties should no longer rely on them for regulated non-banking financial services, and the restriction is effective from the respective cancellation order dates stated in the release.

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

This RBI action affected 6 entities. This profile is linked as bulk member.

RBI has cancelled the Certificate of Registration of M/s. Unitara Finance Limited. The company can no longer carry on Non-Banking Financial Institution business.

M/s. Unitara Finance Limited must cease NBFC/Non-Banking Financial Institution activities. Customers and counterparties should expect the company to be unable to originate or continue regulated NBFC business after the cancellation date.

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