Recorded RBI impact
Fine: Rs 1.00 L
Monetary penalty · Fresh imposition
Published by RBI
5 Feb 2026
Case Brief
By an order dated February 04, 2026, RBI imposed a monetary penalty of ₹1 lakh on Vinayaka Capsec Private Limited under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934. The penalty was imposed because the company did not comply with RBI directions on acquisition of shareholding or control, specifically by failing to obtain prior written permission for a change in shareholding exceeding 26% of its paid-up equity capital.
Why RBI Acted
RBI imposed a monetary penalty under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The company was found to have not complied with RBI directions on 'Acquisition of Shareholding or Control' by failing to obtain prior written permission for a shareholding change exceeding 26% of its paid-up equity capital.
Operating Impact
The company must bear the penalty and remain exposed to any further action RBI may choose to initiate for the same compliance lapse. The order does not state any operational restriction on customers or business activities, but it underscores the need to secure RBI approval before similar ownership changes in future.
Regulatory Basis
- Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- Fine: Rs 1.00 L
- Order Date
- 4 Feb 2026
- Effective From
- 4 Feb 2026
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC