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.
