Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of De Novo Leasing and Investments Limited, Dharwad, on May 11, 2005. The company’s registration was issued for carrying on business as a non-banking financial institution, and the RBI said the cancellation followed the company’s decision to exit that business. As a result, the company cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Dharwad, Karnataka
- Order Date