Board approves application to RBI for surrender of NBFC registration
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The board of Bombay Oxygen Investments approved applying to the RBI to voluntarily surrender its Certificate of Registration as an NBFC under Section 45-IA of the RBI Act. The company clarified this relates only to its regulatory NBFC status and will not affect its existing investment business operations. The surrender is subject to RBI approval.
Procedural change with no impact on business operations. Investment activities continue as usual, pending RBI approval of the surrender.