Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Jayant Mercantile Company Limited, Mumbai, on January 25, 2010. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, because the company had opted to exit the business of a non-banking financial institution. As a result, the company is no longer permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date