Case Brief
On January 17, 2012, the Reserve Bank of India cancelled the Certificate of Registration of LSP Finance Limited under Section 45-IA(6) of the RBI Act, 1934. The company, based in Chennai, had been registered to carry on the business of a non-banking financial institution. RBI cited supervisory grounds for the cancellation, and as a result the company is barred from transacting NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chennai, Tamil Nadu
- Order Date