Case Brief
On March 6, 2006, the Reserve Bank of India cancelled the Certificate of Registration granted to Punjab Leasing Private Limited, whose registered office is in Amritsar, Punjab. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, after the company opted to exit the business of a non-banking financial institution. As a result, the company can no longer transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Amritsar, Punjab
- Order Date