Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Chopra and Cheema Bros.Finlease Private Limited, which had its registered office in New Delhi, on February 5, 2005. The company was registered to carry on the business of a non-banking financial institution. The cancellation was issued under Section 45IA of the Reserve Bank of India Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date