RBI cancels registration of 18 NBFCs after surrender
Eighteen non-banking financial companies lose their certificates of registration after voluntarily exiting the business or meeting criteria for unregistered CICs.
What changed
- Sahu Jain, Mars Viniyog, Cyrus Engineers among six NBFCs that exited NBFI business
- Shell Business Pvt Ltd had its CoR cancelled for qualifying as unregistered CIC
- Eleven NBFCs ceased as legal entities via merger, dissolution or strike-off
The read
The RBI has cancelled the Certificates of Registration of 18 NBFCs that surrendered them. The cancellations fall into three categories: 6 firms exited the non-banking financial business, 1 met criteria for an unregistered Core Investment Company, and 11 ceased to be legal entities due to amalgamation, merger, dissolution or voluntary strike-off. This routine clean-up of the registry removes dormant or non-operating entities, tightening the regulatory perimeter without any enforcement action. By striking off registrations of companies that no longer function as NBFCs, the RBI signals it is keeping its register current — a quiet but necessary housekeeping move.
Key numbers
- Total NBFCs: 18
- Exited NBFI business: 6
- Ceased as legal entities: 11
Primary source: rbi.org.in