Oswal Services Pvt Ltd — NBFC Registration Status
Oswal Services Pvt Ltd is no longer registered with the Reserve Bank of India as a Non-Banking Financial Company (NBFC). RBI — in exercise of powers conferred under Section 45-IA(6) of the Reserve Bank of India Act, 1934— cancelled the company's Certificate of Registration (CoR No. B.05.03979) on June 22, 2026. As such, the company shall not transact the business of a Non-Banking Financial Institution.
Registration Details
| Company name | Oswal Services Pvt Ltd |
| Registered office | 62A/5, J.N. Mukherjee Road, Ghusuri, Howrah, West Bengal - 711107 |
| CoR number | B.05.03979 |
| CoR issued on | January 16, 2001 |
| CoR cancelled on | June 22, 2026 |
| Reason for cancellation | Cancelled by RBI |
| Legal basis | Section 45-IA(6), Reserve Bank of India Act, 1934 |
| Current status | Not registered — cannot transact NBFI business |
| RBI press release | 2026-2027/676 (July 15, 2026) |
What Does This Cancellation Mean?
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA(6) of the Reserve Bank of India Act, 1934, cancelled the company's Certificate of Registration. The company shall not transact the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the Act.
Under Section 45-IA of the RBI Act, 1934, no company can commence or carry on the business of a non-banking financial institution without obtaining a Certificate of Registration from RBI. Once the CoR is cancelled, Oswal Services Pvt Ltd cannot transact the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the Act.
This was an RBI-initiated cancellation — distinct from cases where a company voluntarily surrenders its CoR while exiting the business. The practical effect for the public is the same: the entity is no longer an RBI-regulated NBFC and cannot lawfully carry on NBFI business.
Frequently Asked Questions
Is Oswal Services Pvt Ltd registered with RBI as an NBFC?
No. Oswal Services Pvt Ltd no longer holds a valid Certificate of Registration (CoR) as a Non-Banking Financial Company. RBI cancelled its CoR (No. B.05.03979) on June 22, 2026 under Section 45-IA(6) of the Reserve Bank of India Act, 1934.
Why was the CoR of Oswal Services Pvt Ltd cancelled?
The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA(6) of the Reserve Bank of India Act, 1934, cancelled the company's Certificate of Registration. The company shall not transact the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the Act.
Can Oswal Services Pvt Ltd carry on NBFC business now?
No. After cancellation of the Certificate of Registration, the company cannot transact the business of a Non-Banking Financial Institution as defined in clause (a) of Section 45-I of the RBI Act, 1934. Dealing with an entity that carries on NBFI business without a valid CoR is not protected by RBI regulation.
How do I verify the current registration status of any NBFC?
Check the Reserve Bank of India's official website, which publishes the list of registered NBFCs as well as lists of entities whose Certificates of Registration have been cancelled or surrendered. Always verify an entity's CoR before placing deposits or borrowing.
Other NBFCs Cancelled for the Same Reason
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Oleander Manufacturers & Credit Ltd.
CoR cancelled June 24, 2026
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CoR cancelled June 24, 2026
Orbit Ispat Private Limited
CoR cancelled June 24, 2026
Mignasty Commerce Pvt. Ltd.
CoR cancelled June 29, 2026
Paridhi Agencies Pvt Ltd
CoR cancelled June 29, 2026
Paropkar Distributors Pvt Ltd
CoR cancelled June 29, 2026
Pashupati Earth Moving Pvt Ltd
CoR cancelled June 29, 2026
Showing 12 of 191 companies — view the full list.
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Disclaimer:This page reflects the Reserve Bank of India's public announcement of the cancellation of this company's Certificate of Registration and is provided for information only. For the authoritative, current registration status of any NBFC, verify against the lists published on the official RBI website (rbi.org.in).