RBI cancels Gandhinagar Leasing and Finance registration
In short
The Reserve Bank of India has cancelled the registration of Gandhinagar Leasing and Finance Ltd.
The company can no longer do business as a non-banking financial institution after the RBI action.
What the reporting says
The Reserve Bank of India cancelled the Certificate of Registration of Gandhinagar Leasing and Finance Ltd. under Section 45-IA(6) of the RBI Act, 1934. The central bank said the company shall not transact the business of a non-banking financial institution after the cancellation. The decision directly affects the NBFC's ability to operate in that business category.
Why it matters
A change to who is authorised to operate. Cancellations and surrenders are routine housekeeping in aggregate, but they define which entities may legally carry on the regulated activity — worth checking against any entity you deal with directly. This classification and note were written here from Reserve Bank of India's own published document.