https://www.taxtmi.com/caselaws?id=796715 Mandatory Net Owned Fund requirements remain independently enforceable against an NBFC seeking to retain registration. A pending amalgamation proposal does not establish present compliance because any capital enhancement depends on regulatory approval and completion of the amalgamation. Failure to meet the prescribed threshold may therefore support cancellation of registration where the deficiency was disclosed in the show-cause process and no procedural or jurisdictional defect arises. Non-compliance with the capital criterion does not itself create a stigma barring a future registration application if prevailing eligibility and regulatory conditions are subsequently satisfied. en-us Fri, 07 Aug 2026 00:00:00 +0530 Mon, 10 Aug 2026 08:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796715 Mandatory Net Owned Fund requirements remain independently enforceable against an NBFC seeking to retain registration. A pending amalgamation proposal does not establish present compliance because any capital enhancement depends on regulatory approval and completion of the amalgamation. Failure to meet the prescribed threshold may therefore support cancellation of registration where the deficiency was disclosed in the show-cause process and no procedural or jurisdictional defect arises. Non-compliance with the capital criterion does not itself create a stigma barring a future registration application if prevailing eligibility and regulatory conditions are subsequently satisfied. Case-Laws Indian Laws Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796715