Reserve Bank of India revises voluntary-surrender application for NBFC CoR
NBFCs (including HFCs) surrendering their Certificate of Registration must use the RBI's revised PRAVAAH application form and checklist, and must keep complying and filing returns until the RBI communicates cancellation in writing
Change
On 30 June 2026, the Reserve Bank of India revised the application form and indicative checklist for voluntary surrender of Certificate of Registration by NBFCs (including HFCs) and made them available for submission via the PRAVAAH portal.
Why it matters
Application processing now requires the revised form and completion of the checklist with all requisite supporting documents submitted through PRAVAAH. NBFCs remain obliged to comply with applicable RBI/NHB/other competent-authority guidelines and to submit regulatory/supervisory returns until the Reserve Bank communicates cancellation of the CoR.
Implications
- — NBFC registration and compliance teams (including HFCs) must file the revised application form and all checklist-required supporting documents through the PRAVAAH portal — incomplete or non-submitted documentation will delay or block CoR cancellation.
- — NBFC regulatory and reporting teams (including HFCs) must continue to comply with all applicable RBI/NHB/other competent-authority guidelines and submit applicable regulatory/supervisory returns until the Reserve Bank communicates CoR cancellation — stopping filings before written cancellation exposes the entity to supervisory non-compliance.
Who is affected
- — NBFC registration and compliance teams (including HFCs)
- — NBFC regulatory and reporting teams (including HFCs)