Case Brief
The Reserve Bank of India, acting under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of two companies: M. L. Singhi & Associates Private Limited and Stanchart Securities Private Limited. The release lists their registered office addresses and cancellation dates, and states that these companies shall not transact the business of a Non-Banking Financial Institution as defined in the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date