RBIFor: Investor, Business
RBI cancels NBFC registration of Gandhinagar Leasing and Finance Ltd.
RBI has cancelled the Certificate of Registration of Gandhinagar Leasing and Finance Ltd., Ahmedabad, with effect from October 29, 2026. The company can no longer carry on non-banking financial business.
Summary by TaxSavvy. Read the official notice.
Read the official notice (opens RBI press releases in a new tab)In short: FPAC
- Facts
- RBI cancelled the CoR No. 01.00279 dated December 08, 1998 issued to Gandhinagar Leasing and Finance Ltd., Ahmedabad, Gujarat, with date of cancellation October 29, 2026.
- Provisions and law
- Powers exercised under Section 45-IA (6) of the Reserve Bank of India Act, 1934, with NBFI defined in clause (a) of Section 45-I of the RBI Act, 1934.
- Analysis
- The company shall not hereinafter transact the business of a Non-Banking Financial Institution, so any fresh lending or deposit style business by it is outside RBI registration.
- Conclusion
- If you deal with this company as a borrower, lender or investor, check your position, since it is no longer an RBI registered NBFC.
What to do
- InformationCheck if you hold any loan, deposit or investment linked to Gandhinagar Leasing and Finance Ltd. and keep statements and agreements ready.
- DiscussionAsk a CA how the cancellation affects your repayments, recovery of money or disclosure in your books.
- DeliverablesA written note on your exposure and the next step for recovery or closure.
Steps follow IDFD: Information, Discussion, Forms, Deliverables.
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See the serviceOfficial source: RBI press releases, “Reserve Bank cancels Certificate of Registration of Gandhinagar Leasing and Finance Ltd.”. This summary is general information, not advice for your case. The official notice is the final word.