Case Brief
On September 15, 2005, the Reserve Bank of India cancelled the Certificate of Registration issued to D. S. Brar Finance Company Private Limited, whose registered office was in Moga, Punjab. The cancellation was issued under Section 45-IA of the Reserve Bank of India Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company. This is a terminal regulatory action affecting the company’s ability to operate as an NBFC.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Moga, Punjab
- Order Date