Why RBI Cancels NBFC Registration?
The Reserve Bank of India (RBI) may cancel an NBFC’s Certificate of Registration (CoR) under Section 45-IA(6) of the RBI Act, 1934 for reasons such as:
Failing to conduct NBFC business within six months of registration
Non-compliance with RBI guidelines or prudential norms
Failure to maintain Net Owned Funds (NOF) above ₹2 crores
Engaging in activities that violate public interest or financial laws
Non-submission of statutory returns or audit reports
Brand Name:- CorpZo
Address:- G 10, Sector 63, Noida, India, 201301,
Email:- reach@corpzo.com,
Phone:- +91 9999 139 391,
Web Address:- https://www.corpzo.com
Why RBI Cancels NBFC Registration?
The Reserve Bank of India (RBI) may cancel an NBFC’s Certificate of Registration (CoR) under Section 45-IA(6) of the RBI Act, 1934 for reasons such as:
Failing to conduct NBFC business within six months of registration
Non-compliance with RBI guidelines or prudential norms
Failure to maintain Net Owned Funds (NOF) above ₹2 crores
Engaging in activities that violate public interest or financial laws
Non-submission of statutory returns or audit reports
Brand Name:- CorpZo
Address:- G 10, Sector 63, Noida, India, 201301,
Email:- reach@corpzo.com,
Phone:- +91 9999 139 391,
Web Address:- https://www.corpzo.com
