Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Commercial Hire Purchase (India) Ltd., whose registered office was in Kochi, on January 6, 2011. The cancellation follows rejection of the company’s application for a registration certificate under Section 45-IA(6) of the RBI Act, 1934. As a result, the company is not permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kochi, Kerala
- Order Date