RBI Cancels Registration of 18 NBFCs After Surrender of Licence

The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 18 Non-Banking Financial Companies (NBFCs) after they voluntarily surrendered their licences. The central bank exercised its powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934, to revoke these registrations.

The cancellations were announced across multiple categories, including exit from the non-banking financial institution business, eligibility as unregistered Core Investment Companies (CICs), and cessation of legal existence due to mergers, amalgamations, dissolution or voluntary strike-off. The development reflects regulatory updates relating to NBFC entities that no longer require RBI registration.

List Of the 18 NBFCs that Surrendered their RBI Licence

NBFCs Exiting Non-Banking Financial Institution Business

A total of 6 companies had their CoR cancelled after exiting the Non-Banking Financial Institution (NBFI) business. These companies include Sahu Jain Limited, Mars Viniyog, Cyrus Engineers, Sarthak Trades, Combine Holding Limited and Sidhbinayak Tracon.

Their certificates were cancelled between June 10, 2026, and June 22, 2026. Following the surrender of their registrations, these entities are no longer recognised as RBI-registered NBFCs.

Shell Business Reclassified Under CIC Criteria

Shell Business was the only company whose registration was cancelled after meeting the criteria applicable to an unregistered Core Investment Company. Under RBI regulations, certain CICs are not required to obtain registration if they satisfy prescribed conditions.

The company's CoR was originally issued on February 5, 2003. Its registration was cancelled on June 17, 2026, after it became eligible under the applicable framework.

Companies Removed Following Merger, Dissolution or Strike-Off

The largest category involved 11 companies that ceased to be legal entities due to amalgamation, merger, dissolution or voluntary strike-off. These entities included Laser Financial and Project Consultants, Wadia Investments Limited, Ashika Global Securities and several others.

Their CoR cancellations were carried out between June 1, 2026, and June 24, 2026. According to the RBI, these entities no longer required registration as NBFCs following the corporate actions that altered their legal status.

Read More: RBI Cancels Registration of 192 NBFCs Across India in June 2026.

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Conclusion

The RBI's latest action resulted in the cancellation of CoRs for 18 NBFCs that voluntarily surrendered their registrations. The affected companies were classified under business exit, CIC eligibility and cessation of legal existence due to corporate restructuring or dissolution.

The cancellations were executed under the provisions of the Reserve Bank of India Act, 1934. These regulatory actions update the RBI's records to reflect entities that no longer require authorisation to operate as NBFCs.

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