The RBI Issues a Press Release for the Cancellation of Voluntary Surrender of CoR by NBFCs (including HFCs) and the Application Form and Indicative Checklist

The Reserve Bank of India (RBI) has received requests from Non-Banking Financial Institutions (NBFCs) (including Housing Finance Institutions (HFCs)) that seek to voluntarily surrender the Certificate of Registration (CoR) on account of ceasing to carry out the business of NBFCs or
HFCs/conversion to unregistered Core Investment Company/amalgamation or merger with other entity etc.

For the purpose of streamlining the process of voluntary cancellation of CoR, the RBI has uploaded the Application Form and the Checklist of Documents to be submitted by the NBFCs or HFCs.