Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Jaybeear Investments and Finance Private Limited, whose registered office was in Bangalore, under Section 45-IA(6) of the RBI Act, 1934. The stated reason was that the company had opted to exit the business of a non-banking financial institution. Following the cancellation, the company is no longer permitted to carry on that business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Bangalore, Karnataka
- Order Date