Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Shine Blue Auto Finance Pvt. Ltd., whose registered office was in Jalandhar, under Section 45-IA(6) of the RBI Act, 1934. The release says the company had voluntarily exited the non-banking financial institution business. As a result, it can no longer transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Jalandhar, Punjab
- Order Date