Northern Arc Capital Limited has been fined ₹6.20 lakh by RBI for not complying with financial disclosure requirements as of August 14, 2026.
Penalty on Northern Arc Capital Limited
The Reserve Bank of India has imposed a monetary penalty of ₹6.20 lakh on Northern Arc Capital Limited due to its non-compliance with specific financial disclosure requirements set forth by the RBI. This penalty was effective as of August 14, 2026, marking a significant enforcement action by the RBI.
The non-compliance involved issues related to 'Disclosures in Financial Statements - Notes to Accounts' and mandates regarding 'Internal Ombudsman for Regulated Entities'. The action was authorized under regulatory powers to uphold the integrity of financial reporting and transparency.
For practitioners, this serves as a crucial reminder of the pressing need for stringent compliance protocols surrounding financial disclosures. Financial institutions must ensure adherence to RBI guidelines to evade regulatory penalties.
Citations
- RBI Penalty Order (2026)
