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Signatureglobal Capital Private Limited

NBFC

The RBI action, regulatory basis, and operating impact linked to this entity.

Recorded RBI impact

License cancellation

License cancellation · Fresh imposition

S5

Published by RBI

26 Dec 2019

Case Brief

The Reserve Bank of India cancelled the Certificate of Registration of thirteen companies under Section 45-IA(6) of the RBI Act, 1934. The companies listed include Embro Finvest Limited, KMG Macro Investments Private Limited, Shri Sukta Investment & Finance Private Limited, Sun Invest Associates Limited, Swaws Credit Corporation India Private Limited, Sun-Star Securities and Credits Private Limited, Supermax Fincap Private Limited, Signatureglobal Capital Private Limited, Nadia Printing & Packaging Private Limited, Savera Securities Private Limited, Adinath Investment and Trading Company, Ankur Services and Growth Fund Limited, and ARG Financial Services Private Limited. Following the cancellation, they shall not transact the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the RBI Act, 1934.

Why RBI Acted

Licensing breach

The Reserve Bank of India exercised its powers under Section 45-IA(6) of the RBI Act, 1934 to cancel the Certificate of Registration of thirteen companies. As a result, these entities are no longer permitted to transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act.

Operating Impact

The affected companies lose authorization to conduct NBFC business and must stop carrying on non-banking financial institution activities. Customers and counterparties should not treat them as licensed NBFCs for new business.

Regulatory Basis

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

Action Facts

Primary Impact
License cancellation
Entities Affected
13
Entity Role
Bulk Member
Entity Type
NBFC

Related Entities

Entities similar to Signatureglobal Capital Private Limited

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  1. Adinath Investment and Trading Company

    NBFC

    1 shared action

    1 restriction

  2. Ankur Services and Growth Fund Limited

    NBFC

    1 shared action

    1 restriction

  3. ARG Financial Services Private Limited

    NBFC

    1 shared action

    1 restriction

  4. Embro Finvest Limited

    NBFC

    1 shared action

    1 restriction

  5. KMG Macro Investments Private Limited

    NBFC

    1 shared action

    1 restriction