RBI Cancels CoR for Four NBFCs as Companies Cease Operations or Exit Business
The Reserve Bank of India (RBI) has finalized the cancellation of the Certificate of Registration (CoR) for four distinct Non-Banking Financial Companies (NBFCs). This regulatory action was carried out by the RBI in exercise of powers granted under Section 45-IA (6) of the Reserve Bank of India Act, 1934.The cancellations cover varying reasons, ranging from NBFCs opting to exit the Non-Banking Financial Institution business to those ceasing operations due to structural changes like amalgamation or dissolution.
Cancellation Due to Exit from Non-Banking Financial Institution Business
Two companies have been identified as having exited the core NBFI business segment. The cancellation of their CoR reflects a fundamental shift in the operational focus of these entities, according to RBI records.RAGA Tradecon Private Limited saw its CoR B-13.01871 cancelled on July 16, 2026. This CoR had originally been issued on June 18, 2007, and the company is registered at G-165, Express Zone Mall, Malad (East).
Real Lease and Credit Private Limited also completed its exit from NBFI business. The cancellation for this entity, which operates under the name of Nitin Auto Trading Private Limited (converted to LLP), was finalized on July 20, 2026. Its CoR B-14.01663 had been issued on March 14, 2000.
NBFCs Ceasing Legal Entity Status or Operational Changes
Two other institutions have also faced cancellation of their Certificate of Registration due to structural changes within the corporate landscape. These cancellations are linked to decisions regarding mergers, amalgamations, dissolution, or voluntary strike-offs.Chaitanya India Fin Credit Private Limited is among these entities. Its CoR B-13.02504 was issued on December 16, 2024, and its cancellation date was recorded as July 13, 2026. The company maintains a registered office at Sunshine Tower in Mumbai.
Mirae Asset Sharekhan Financial Services Limited also received a CoR cancellation. This entity's CoR, bearing the number 13.01810 and issued on April 28, 2025, was formally cancelled by the RBI on July 01, 2026. The company is located at Gigaplex Building in Airoli.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.