Case Brief
On March 17, 2008, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. International Resources Management & Leasing Corporation Ltd., a non-banking financial company with its registered office in New Delhi. The action was taken under Section 45-IA(6) of the RBI Act, 1934. Following the cancellation, the company is barred from transacting the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date