Case Brief
In a fresh enforcement action, RBI cancelled the Certificate of Registration of three NBFCs: M/s Shubh Leasing Private Limited, M/s Global Securities Limited, and M/s Amitosa Leasing & Finance Private Limited. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. Following the cancellation, these entities are barred from transacting the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chandigarh, Chandigarh
- Order Date