Case Brief
On 4 August 2006, the Reserve Bank of India cancelled the Certificate of Registration of M/s BCC Finance Limited, Indore. The cancellation was issued under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release says the company had opted to exit the business of a non-banking financial institution. 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
- Indore, Madhya Pradesh
- Order Date