Case Brief
On 28 July 2009, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. SEL Leasing Limited, whose registered office is in New Delhi, for carrying on the business of a non-banking financial institution. The release says the company had voluntarily exited that business. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934. As a result, the company can no longer transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date