Case Brief
On January 15, 2008, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Syal Finance Limited, whose registered office is at S.C.F. No. 37, Urban Estate, Phase 1, Jalandhar. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. As a result, the entity is no longer permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Jalandhar, Punjab
- Order Date