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The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of four Non-Banking Financial Companies (NBFCs). The cancellations were made using the powers given to RBI under Section 45-IA (6) of the RBI Act, 1934. After the cancellation, these companies are no longer allowed to operate as NBFCs.
NBFCs Whose Registrations Were Cancelled
According to the press release dated December 11, 2025, the registrations of the following companies were cancelled:
- Gem Investments & Trading Co Pvt Ltd
- Registered Office: 2 Minto Park, Kolkata, West Bengal
- CoR Issued: August 25, 1998
- Cancellation Date: November 4, 2025
- Shri Lakhavi Financial Services Limited (now Zenlabs Ethica Limited)
- Registered Office: Industrial Area, Phase II, Ram Darbar, Chandigarh
- CoR Issued: August 5, 1998
- Cancellation Date: November 7, 2025
- Vistar Financiers Pvt Ltd
- Registered Office: Diamond Harbour Road, Khiddirpore, Kolkata
- CoR Issued: September 28, 2001
- Cancellation Date: November 10, 2025
- Ambica Barter Pvt Ltd
- Registered Office: Jasmine Tower, Shakespeare Sarani, Kolkata
- CoR Issued: July 11, 2005
- Cancellation Date: November 10, 2025
RBI said these companies cannot carry out NBFC activities anymore, as defined under Section 45-I of the RBI Act.
Four Other NBFCs Surrender Registration to RBI
In a separate announcement issued on the same date, December 11, 2025, RBI confirmed that four NBFCs voluntarily surrendered their CoR. RBI accepted their requests and cancelled their licences.
1. Surrender Due to Exit from NBFC Business
- YG Capital Limited
- Location: Vile Parle West, Mumbai
- CoR Issued: April 10, 2018
- Cancellation Date: November 28, 2025
2. Surrender Due to Meeting Criteria for Unregistered Core Investment Company (CIC)
- Intell Invofin India Private Limited
- Location: Naraina Industrial Area, New Delhi
- CoR Issued: April 11, 2003
- Cancellation Date: November 10, 2025
3. Surrender Due to Amalgamation / Merger / Dissolution
Two companies ceased to exist due to structural changes:
- Gangotri Commodities & Finvest Pvt Ltd
- CoR Issued: June 19, 2003
- Cancellation Date: November 25, 2025
- Perkin Dealers Pvt Ltd
- CoR Issued: April 7, 2003
- Cancellation Date: November 25, 2025
RBI clarified that these cancellations were made because the companies are no longer legal entities.
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