Case Brief
The Reserve Bank of India cancelled the certificate of registration of Shabnam Leasing and Finance Limited, whose registered office is in New Delhi, on July 19, 2005. The cancellation was issued under Section 45-IA of the RBI Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company carrying on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date