Case Brief
The Reserve Bank of India cancelled the certificate of registration of M/s. Cost Plus Credit Capital Limited, whose registered office was in Defence Colony, New Delhi. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. The release states that the company had voluntarily exited from the business of a non-banking financial institution, and following cancellation it cannot transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date