RBI · Banking Regulation
RBI revises process for voluntary surrender of NBFC registration
NBFCs seeking to surrender registration must use revised forms on PRAVAAH portal; registration remains valid until RBI confirms cancellation.
What changed
- Revised application form and checklist for voluntary surrender
- Submission through PRAVAAH portal mandated
- Registration remains effective until RBI communicates cancellation
The read
RBI updated the voluntary surrender process for NBFCs. The revised application form and checklist are available on the PRAVAAH portal after recent amendment to registration rules. Submitting an application does not cancel registration. NBFCs must keep complying with all regulatory requirements and submitting returns until the RBI formally cancels the certificate and communicates that decision. The message is clear: entities stay under oversight until final confirmation from RBI.
Primary source: rbi.org.in