The Reserve Bank of India (RBI) has cancelled the Certificates of Registration (CoR) of 35 Non-Banking Financial Companies (NBFCs) after finding them non-compliant with regulatory requirements. Following this action, the affected entities are no longer authorised to conduct non-banking financial activities in India.
In a circular dated January 7, 2026, the central bank stated that the cancellations were carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The RBI reiterated that these companies are prohibited from transacting any business defined as a non-banking financial institution under the Act.
The regulator has also urged members of the public to verify the regulatory status of financial entities before entering into any financial transaction, highlighting the importance of due diligence in protecting investor interests.
“The Reserve Bank of India, in exercise of the powers conferred under Section 45-IA (6) of the RBI Act, 1934, has cancelled the Certificate of Registration of the following companies,” the circular said.
Full List of NBFCs Whose Registration Has Been Cancelled
The 35 NBFCs affected by the RBI’s decision are:
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Satya Prakash Capital Investment Limited
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A G Securities Private Limited
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ALB Leasing & Finance Ltd.
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ATM Credit & Investments Pvt. Ltd.
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Corporate Capital Services India Private Limited
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Decisive Finance Private Limited
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Divine Investments Private Limited
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Liberty Pvt. Ltd Sales
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Pearls Hire Purchase Corporation Limited
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Quasar India Fincap Private Limited
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Sunlife Securities Private Limited
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Sunrise Manufacturing Co Ltd
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Swito Finance & Estates Private Limited
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Triveni Vinimay Private Limited
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Twenty First Century Marketing Ltd
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Unitron Finlease Limited
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Veera Securities and Finlease Private Limited
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Vini Financial and Management Consultants Private Limited
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Shivom Investment & Consultancy Limited
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Adhinath Investments Private Limited
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Agroha Savings Limited
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Ahusons Finance and Investments Private Ltd
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Altar Investment Pvt Ltd
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Associated Leasing Limited
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Atlantic Leasing Limited
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B H L Forex and Finlease Limited
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Bharatpuria Finance and Investment Limited
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Dada Dev Finance & Leasing Pvt. Ltd.
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East Delhi Leasing Private Limited
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Economic Capital Services India Private Limited
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ESN Finance and Capital Services Limited
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FMI Investments Private Limited
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Ganpati Fincap Services Private Limited
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Goodworth Securities Private Limited
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Gopal Overseas Private Limited
According to the RBI, these cancellations came into effect between December 9, 2025, and December 31, 2025.
What the Cancellation Means
With the withdrawal of their registrations, the listed companies are barred from carrying out NBFC activities, as defined under Section 45-I(a) of the RBI Act, 1934. Any continuation of such business would be considered a violation of regulatory norms.
What Is an NBFC?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 or 2013, primarily engaged in activities such as loans and advances, leasing, hire purchase, and investment in securities. However, NBFCs do not include entities whose main business involves agriculture, industrial activity, trading of goods (other than securities), or real estate services.
The RBI’s latest move underlines its continued focus on strengthening regulatory compliance and safeguarding the financial system from unregulated or non-compliant entities.