Case Brief
On 8 March 2007, the Reserve Bank of India cancelled the Certificate of Registration of M/s. Dotch Tie-up Pvt. Ltd., Kolkata under Section 45-IA(6) of the RBI Act, 1934. This prevents the company from carrying on the business of a non-banking financial institution. The release also records that the company is prohibited from accepting public deposits and from alienating assets, and it must repay any deposits, if any, according to the contract terms.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal
- Order Date