Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
4 Feb 2015
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Vatican Commercial Limited, which is identified as a non-banking financial company (NBFC). The action was taken under Section 45-IA(6) of the Reserve Bank of India Act, 1934. No additional allegations or underlying conduct are described in the provided text.
Why RBI Acted
The Reserve Bank of India cancelled the Certificate of Registration of M/s Vatican Commercial Limited, a non-banking financial company (NBFC), in exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release does not state additional factual findings beyond the cancellation action itself.
Operating Impact
The company can no longer operate as an NBFC under the cancelled Certificate of Registration. Any NBFC-related activities that depended on that registration are affected immediately, subject to any separate legal or transitional requirements not mentioned in the release.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC