Latest news with #NBFC-related
Business Upturn
3 days ago
- Business
- Business Upturn
16 NBFC licences cancelled by RBI, 2 restored
The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 16 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the RBI Act, 1934. With this action, these entities can no longer operate as NBFCs in India. The cancellations were issued between July 7 and July 25, 2025, and include companies such as Wadhawan Global Capital Ltd, Praptee Savings & Investment (India) Ltd, Sharmistha Investments Pvt Ltd, Softfin Investments Pvt Ltd, Tele Link Securities & Finance Ltd, Tyche Securities Pvt Ltd, Bharat Monetary Services Pvt Ltd, NCS Finance Pvt Ltd, Geopreneur Fincorp Pvt Ltd, Indo-Euro Investments Company Ltd, Investrick Securities (India) Pvt Ltd, Jem Fiscal Ltd, Karvirvasini Investments & Finance Pvt Ltd, Kaundinya Investment & Finance Pvt Ltd, Silver Golden Property Develop Fin Investment Ltd, and Simplex Trading & Agencies Ltd. The RBI clarified that these companies are no longer permitted to carry out any NBFC-related activities as per clause (a) of Section 45-I of the RBI Act. Meanwhile, the central bank has restored the CoR of two NBFCs — Shabros Fin-Vest Pvt Ltd and Alpine Finlease Limited — following favourable orders from the Appellate Authority and relevant courts. The RBI has advised these reinstated firms to strictly comply with the RBI Act provisions, guidelines, and reporting requirements. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
3 days ago
- Business
- Business Upturn
15 NBFC licences cancelled by RBI, 2 restored
By Aman Shukla Published on August 13, 2025, 16:05 IST The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 15 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the RBI Act, 1934. With this action, these entities can no longer operate as NBFCs in India. The cancellations, issued between July 7 and July 25, 2025, include several Maharashtra-based firms such as Wadhawan Global Capital Limited, Praptee Savings and Investment (India) Limited, Sharmistha Investments Private Limited, Softfin Investments Private Limited, Tele Link Securities and Finance Limited, Tyche Securities Pvt Ltd, and Bharat Monetary Services Pvt Ltd (also known as Bharat Udyog Limited). Other cancelled licences include those of NCS Finance Pvt Ltd (Kerala), Geopreneur Fincorp Pvt Ltd, Indo-Euro Investments Company Limited, Investrick Securities (India) Pvt Ltd, Jem Fiscal Limited, Karvirvasini Investments and Finance Pvt Ltd, Kaundinya Investment and Finance Pvt Ltd, Silver Golden Property Develop Fin Investment Limited (VAB Ventures Limited), and Simplex Trading and Agencies Ltd (Gujarat). The RBI clarified that these companies are no longer permitted to carry out any NBFC-related activities as per clause (a) of Section 45-I of the RBI Act. Meanwhile, the central bank has restored the CoR of two NBFCs — Shabros Fin-Vest Pvt Ltd and Alpine Finlease Limited — following favourable orders from the Appellate Authority and relevant courts. The RBI has advised these reinstated firms to strictly comply with the RBI Act provisions, guidelines, and reporting requirements. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
