4 NBFCs Surrender Licenses, RBI Cancels Registration of 1 NBFC and 1 ARC
Moneylife Digital Team 09 May 2025
As many as four non-banking finance companies (NBFCs) have surrendered their registration certificates to the Reserve Bank of India (RBI), while the regulator cancelled the registration of one NBFC and an asset reconstruction company (ARC). The reasons for surrendering registration include exiting the business and ceasing to be legal entities due to amalgamation, merger, dissolution or voluntary strike-off.
 
Those whose registration has been cancelled by RBI include RL Investment and Finance Company Ltd, an NBFC based in Uttar Pradesh, and India Resurgence ARC Pvt Ltd, an ARC headquartered in Maharashtra.
 
Among the NBFCs that surrendered their registration certificates, two are based in Maharashtra and one each from Tamil Nadu and West Bengal. According to the RBI, three of these companies exited the non-banking finance business voluntarily, while one ceased operations following corporate actions such as amalgamation, dissolution, merger or voluntary strike-off.
 
Maharashtra-based Sicom Investments & Finance Ltd and Pioneer Holdings Pvt Ltd surrendered their registration certificate. RBI issued an order for the cancellation of their registration on 4 April 2025 and 24 April 2025, respectively.
 
RBI says the registration certificates of Easyaccess Financial Services Ltd is cancelled from 29 April 2025.
 
Eastern Credit Capital Pvt Ltd from West Bengal have surrendered their registration certificate. RBI has issued an order to cancel the registration on 9 April 2025
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