Reetu | Oct 13, 2022 |

NBFCs surrender their Certificate of Registration to RBI; Check Name of the NBFCs

The Four Non-Banking Financial Companies (NBFCs) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI).

The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button

Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"

Tags: Cancellation of Registration, Cancellation of Registration Certificate, Certificate of Registration, NBFC, News, RBI, Reserve Bank of India, Studycafe, Surrender

Author Bio

Name: Reetu

Designation: Content Manager

Company: Studycafe

Location: Delhi, India

Total Posts: 7449

Reetu is a Content Writer with 3+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM(Honrs.) Graduate.

My Recent Articles

ICAI Approaches Delhi HC for Ban on Netflix Movie ‘Tribhuvan Mishra CA Topper’ Extend Due Date of Filing Income Tax Return for AY 2024-25; Request due to IT Portal Glitches Tax Association demands to Extend the Last Date of ITR for FY 2023-24 ICAI raised concerns about Technical Glitches in Filing Return and Payment of Taxes ICAI raised Concerns in relation to Form 26AS/TIS/AIS and in E-filing of ITR Forms View All Posts