Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Mont Blanc Financial Services Limited, whose registered office was in Chennai, on July 14, 2004. The cancellation was issued under Section 45IA of the RBI Act, 1934, which empowers RBI to cancel the registration of a non-banking financial company. This prevents the company from carrying on the regulated non-banking financial institution business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chennai, Tamil Nadu
- Order Date