Shree Bhagwati Marketing Private Limited

RBI has cancelled the Certificate of Registration of M/s Shree Bhagwati Marketing Private Limited. The action was taken under Section 45-IA(6) of the RBI Act, 1934.

The company can no longer operate as an NBFC under the cancelled registration. Any ongoing NBFC business activity would need to cease or be otherwise addressed in line with applicable law.

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

RBI cancelled the Certificates of Registration of five NBFCs. The action prevents them from carrying on non-banking financial business.

The five affected entities can no longer carry on NBFC business. This removes their authority to transact non-banking financial institution activities, affecting the companies themselves and any counterparties relying on such operations. The release states the prohibition takes effect upon cancellation; no separate deadline is mentioned.

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