Case Brief
The Reserve Bank of India cancelled the Certificate of Registration No. 07.00202 dated March 27, 1998, issued to Ashley Holdings Limited, whose registered office was at 19, Rajaji Salai, Chennai-600001. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934, because the company had voluntarily exited from carrying on non-banking financial institution activities. Following the cancellation, Ashley Holdings Limited is not permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chennai, Tamil Nadu
- Order Date