Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of four NBFCs: Bharatpur Investment Ltd, K.S. Finlease Limited, Build Con Finance Limited, and Operating Lease and Hire Purchase Company Limited. The action was taken under Section 45-IA(6) of the RBI Act, 1934. Following the cancellation, the companies are not permitted to transact the business of a Non-Banking Financial Institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Bharatpur, Rajasthan
- Order Date