Case brief
RBI has cancelled the Certificate of Registration of one company under Section 45-IA(6) of the RBI Act, 1934. The excerpt does not provide the company name or grounds.
Impact
The affected entity can no longer operate as an NBFC/ARC under the cancelled Certificate of Registration. Any business that depended on that registration must cease, subject to any further regulatory or legal steps mentioned in the full order.
Why RBI acted
Regulatory basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934