RegAlertIndividual decision · RBI · 11 Aug 2026
Cancellation of Certificate of Registration for Four NBFCs
The Reserve Bank of India cancels the Certificate of Registration for RAGA Tradecon Private Limited, Real Lease and Credit Private Limited, Chaitanya India Fin Credit Private Limited, and Mirae Asset Sharekhan Financial Services Limited under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The cancellations for RAGA Tradecon and Real Lease and Credit are due to their exit from Non-Banking Financial Institution business, while those for Chaitanya India Fin Credit and Mirae Asset Sharekhan are due to the entities ceasing to be legal entities through amalgamation, merger, dissolution, or voluntary strike-off. The cancellation dates for these entities range from July 1, 2026, to July 20, 2026.
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( 298 kb ) Date : Aug 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 Company
Registered Office Address
CoR No.
CoR Issued on
Date of Cancellation of CoR
1
RAGA Tradecon Private Limited
G-165, Express Zone Mall, B Wing, Malad (East), North Side of Rani Sati, Western Express Highway, Mumbai, Maharashtra, India, 400097
B-13.01871
June 18, 2007
July 16, 2026
2
Real 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, 110034
B-14.01663
March 14, 2000
July 20, 2026
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 Company
Registered Office Address
CoR No.
CoR Issued on
Date of cancellation of CoR
1
Chaitanya India Fin Credit Private Limited
Sunshine Tower, Level 20, Senapati Bapat Marg, Elphinstone Road, Mumbai- 400013
B-13.02504
December 16, 2024
July 13, 2026
2
Mirae Asset Sharekhan Financial Services Limited
10th Floor, Gigaplex Building, No. 09, MIDC, TTC Industrial Area, Airoli Knowledge Park, Airoli, Thane, Maharashtra, India - 400708
13.01810
April 28, 2025
July 01, 2026
(Brij Raj)
Chief General Manager Press Release: 2026-2027/860
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“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.”
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