Document title: Reserve Bank cancels Certificate of Registration of Gandhinagar Leasing and Finance Ltd.
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026‑2027/1471
Date: 09 November 2026
Regulatory and Policy Measures
The Reserve Bank of India, exercising the powers conferred under Section 45‑IA (6) of the RBI Act, 1934, has cancelled the Certificate of Registration (CoR) of Gandhinagar Leasing and Finance Ltd. The cancellation is effective from 29 October 2026. The CoR that has been withdrawn bore the number 01.00279 and was originally issued on 8 December 1998. Consequently, the company is prohibited from transacting the business of a Non‑Banking Financial Institution as defined in clause (a) of Section 45‑I of the RBI Act. The cancellation was announced through Press Release 2026‑2027/1471 and signed by Chief General Manager Brij Raj.
The action underscores the RBI’s commitment to enforce regulatory compliance among NBFCs and to maintain the integrity of the financial sector.
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