Case Brief
The Reserve Bank of India cancelled the certificate of registration of Shogun Finlease Private Limited, which was registered to carry on the business of a non-banking financial institution. The action was taken on March 8, 2010 under Section 45-IA(6) of the RBI Act, 1934, after the company opted to exit the business. 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
- Mumbai, Maharashtra
- Order Date