RBI10 Aug 2026press-releasePrepared by Complied AI

Cancellation of Certificate of Registration for Four NBFCs

Official title

Four NBFCs surrender their Certificate of Registration to the RBI

What changed

The Reserve Bank of India cancels the Certificate of Registration for four Non-Banking Financial Companies. Two companies surrender their registration due to exit from the Non-Banking Financial Institution business. Two other companies surrender their registration because they cease to exist as legal entities through processes such as amalgamation, merger, dissolution, or voluntary strike-off. The Reserve Bank of India exercises its powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934 to perform these cancellations.

Who is affected
  • RAGA Tradecon Private Limited
  • Real Lease and Credit Private Limited
  • Chaitanya India Fin Credit Private Limited
  • Mirae Asset Sharekhan Financial Services Limited
Key dates
  • Cancellation date for RAGA Tradecon Private Limited — 15 Jul 2026
  • Cancellation date for Real Lease and Credit Private Limited — 19 Jul 2026
  • Cancellation date for Chaitanya India Fin Credit Private Limited — 12 Jul 2026
  • Cancellation date for Mirae Asset Sharekhan Financial Services Limited — 30 Jun 2026
Consequences
  • The Reserve Bank of India cancels the Certificate of Registration for the listed companies.

Prepared automatically from the captured official document and checked against source evidence. This is not an independent professional review. See how briefs are prepared. Verify material decisions against the official record.

Source details

Source
Reserve Bank of India
Type
press-release
Published by source
10 Aug 2026
Document number
2026-2027/860
Issuing division
Department of Communication
Coverage area
banking

Document text

Prepared for reading; wording retained from the source.

Verify official record

August 11, 2026

Four NBFCs surrender their Certificate of Registration to the RBI

The following four Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR.

i) Cancellation of CoR due to exit from Non-Banking Financial Institution (NBFI) business

Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued onDate of Cancellation of CoR
1RAGA Tradecon Private LimitedG-165, Express Zone Mall, B Wing, Malad (East), North Side of Rani Sati, Western Express Highway, Mumbai, Maharashtra, India, 400097B-13.01871June 18, 2007July 16, 2026
2Real Lease and Credit Private Limited (as per MCA - Nitin Auto Trading Private Limited, converted to LLP)799, 2nd Floor, Main Market, Rani Bagh, New Delhi, Delhi, India, 110034B-14.01663March 14, 2000July 20, 2026

ᮧेस ᮧकाशनी PRESS RELEASE

भारतीय ᳯरज़वर् बᱹक RESERVE BANK OF INDIA

वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502

ii) Cancellation of CoR due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.

Sr. No.Name of the CompanyRegistered Office AddressCoR No.CoR Issued onDate of cancellation of CoR
1Chaitanya India Fin Credit Private LimitedSunshine Tower, Level 20, Senapati Bapat Marg, Elphinstone Road, Mumbai- 400013B-13.02504December 16, 2024July 13, 2026
2Mirae Asset Sharekhan Financial Services Limited10th Floor, Gigaplex Building, No. 09, MIDC, TTC Industrial Area, Airoli Knowledge Park, Airoli, Thane, Maharashtra, India - 40070813.01810April 28, 2025July 01, 2026

(Brij Raj) Chief General Manager

Press Release: 2026-2027/860

Research the source law

Find the provision behind this update.

No high-confidence provision match was found. Browse the law library, choose the affected provision and ask against the exact statutory text.

Browse source laws