RBI Representation & Restoration Support by N D Savla & Associates
When the Reserve Bank of India cancels or proposes to cancel an NBFC’s registration, it’s serious. But it’s not always the end.
In many cases, cancellations arise from prolonged non-compliance, documentation gaps, or unresolved regulatory observations. With the right approach, timely representation, and corrective action, matters can be reviewed and, in suitable cases, restored.
At N D Savla & Associates, we assist NBFCs in responding to RBI actions with clarity, structure, and regulatory alignment.
When Does RBI Cancel an NBFC Registration?
RBI may cancel or initiate cancellation of an NBFC’s Certificate of Registration due to:
Persistent non-compliance with RBI norms
Failure to meet Net Owned Fund requirements
Non-filing of returns and disclosures
Adverse inspection findings
Inactive operations over extended periods
Failure to respond to RBI notices or directions
Each case is fact-specific. Blanket responses don’t work.
Our Services for NBFC Cancellation Appeals
1. Case Review & Risk Assessment
We begin by reviewing:
RBI show-cause notice or cancellation order
Historical compliance records
Financial position and NOF status
Past correspondence with RBI
This helps determine whether appeal, representation, or rectification is viable.
2. Drafting Appeal & RBI Representation
We assist with:
Drafting detailed appeal or representation
Responding to show-cause notices
Preparing explanations supported by facts
Aligning submissions with RBI expectations
The tone and structure of the response matter as much as the content.
3. Corrective Compliance & Rectification
Where gaps exist, we support:
Completion of pending RBI and ROC filings
Capital restructuring or NOF restoration
Policy and governance corrections
Documentation and compliance clean-up
RBI looks for intent backed by action.
4. Follow-Up & Regulatory Coordination
We manage:
Ongoing communication with RBI
Clarification responses
Additional submissions if sought
Compliance confirmation post-review
Consistency and responsiveness are key during this phase.
Who Can Benefit from This Service?
NBFCs facing cancellation proceedings
NBFCs served with RBI show-cause notices
Dormant NBFCs seeking regularisation
NBFCs aiming to revive operations or exit cleanly
Early intervention significantly improves outcomes.
Why Choose N D Savla & Associates?
Regulatory appeals require judgment, not aggression.
Experience in RBI-facing representations
Practical understanding of regulatory intent
Structured approach to compliance restoration
Clear communication with promoters and boards
Focus on realistic, defensible outcomes
We don’t escalate unnecessarily. We engage constructively.
F.A.Q.
Yes. Subject to facts, representations and appeals can be made to RBI.
No. Outcomes depend on compliance history, seriousness of defaults, and corrective steps.
Immediately. Delays weaken the case and reduce options.
Yes. We handle both representation and corrective compliance.
Only if RBI permits restoration or re-registration under applicable norms.
If FCRA registration is not renewed within the prescribed timeline, it may lapse, and the organisation may be prohibited from receiving or utilising foreign contributions until compliance is restored.
Yes. Organisations must open a designated FCRA bank account to receive foreign contributions. Utilisation accounts may also be required as per FCRA rules. All foreign funds must be routed through approved accounts only.
