The certificate of registration is granted by the RBI. With surrendering the certificates, the companies cannot transact the business of a non-banking financial institution. In another statement, the central bank said it has cancelled the certificate of registration of 14 non-banking financial companies (NBFCs).source https://economictimes.indiatimes.com/industry/banking/finance/nine-nbfcs-surrender-certificate-of-registration/articleshow/75824476.cms
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