<p>In terms of Section 58, a registrant may cancel its registration by giving the National Credit Regulator written notice in the prescribed manner and form-</p>
<ul>
<li>stating the registrant’s intention to voluntarily cancel the registration; and</li>
<li>specifying a date, at least five business days after the date of the notice, on which the cancellation is to take effect.</li>
</ul>
<p>Additional Requirements for voluntary cancellation of registration</p>
<ol>
<li><a href="documents/pages/registration&amp;compliance/credit_bureau/Form 10 editable.pdf">Complete form 10. </a></li>
<li>An affidavit confirming that you do not have existing customers OR that your consumers have been taken over by another DC (Please mention the Debt Counsellor name and NCRDC registration number).</li>
<li>Provide acknowledgement letter from the Debt Counsellor receiving the files.</li>
<li>Attach to the said notice the original registration certificate issued to the registrant by the National Credit Regulator.</li>
<li>Attach to the said notice proof that all the affected consumers, payment distribution agents (PDAs) and all credit bureaux have been notified about the intended cancellation.</li>
</ol>