Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Blue Green Constructions & Investments Ltd., whose registered office was in Chennai, under Section 45-IA(6) of the RBI Act, 1934. The press release says the company had chosen to exit the business of a non-banking financial institution. Following the cancellation, the company is no longer permitted to conduct NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chennai, Tamil Nadu
- Order Date