Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to M/s. CHPL Finance Limited, Secunderabad, with effect from October 18, 2004. The order was passed under Section 45IA of the RBI Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company. As a result, the company is no longer permitted to operate as a non-banking financial institution under that registration.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Secunderabad, Telangana
- Order Date