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