4 NBFCs’ Registration Cancelled, 4 Others Surrender Certificates to RBI
Moneylife Digital Team 11 December 2025
As many as four non-banking finance companies (NBFCs) have surrendered their registration certificates to Reserve Bank of India (RBI), while the regulator cancelled the registration of four other NBFCs. The reasons for these exits include voluntary discontinuation of business, meeting the criteria for unregistered core investment companies (CICs) that are exempt from registration and ceasing to exist as legal entities due to amalgamation, merger, dissolution, or voluntary strike-off. 
 
RBI has cancelled registrations of Gem Investments & Trading Co Pvt Ltd, Vistar Financiers Pvt Ltd and Ambica Barter Pvt Ltd from West Bengal and Shri Lakhavi Financial Services Ltd, listed as Zenlabs Ethica Ltd on the government portal from Chandigarh.
 
RBI has not given any specific reason for the cancellation. Its statement merely says, "...in the exercise of powers conferred on it under section 45-IA (6) of the RBI Act, 1934, has cancelled the certificate of registration...As such, the above companies shall not transact the business of a non-banking financial institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act."
 
The four NBFCs that have surrendered their registration include two from West Bengal and one each from Maharashtra and New Delhi.
 
According to RBI, one company surrendered its registration certificates after deciding to exit the NBFC business. One NBFC surrendered its certificate after meeting the criteria for an unregistered CIC which is not required to be registered. Additionally, two NBFCs gave up their certificates as they ceased to be legal entities due to amalgamation, merger, dissolution, or voluntary strike-off.
 
West Bengal-based Gangotri Commodities & Finvest Pvt Ltd and Perkin Dealers Pvt Ltd surrendered their registration certificate. RBI issued an order to cancel their registration on 25 November 2025.
 
RBI says the registration certificates of Maharashtra-based YG Capital Ltd have been cancelled as it decided to exit the business and surrender their registration to RBI.
 
Intell Invofin India Pvt Ltd have surrendered its registration certificate and RBI has issued an order to cancel its registration on 10 November 2025.
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