Reserve Bank Cancels Certificate of Registration of Ju Ju Finance & Leasing Limited, New Delhi
Case Brief
The Reserve Bank of India cancelled the certificate of registration of Ju Ju Finance & Leasing Ltd. on October 25, 2004 under Section 45IA of the RBI Act, 1934. As a result, the company can no longer carry on the business of a non-banking financial institution. RBI also prohibited the company from accepting deposits and from alienating its assets under Section 45MB. The company must still repay public deposits according to the contract terms.
On October 25, 2004, RBI cancelled the certificate of registration granted to Ju Ju Finance & Leasing Ltd. under Section 45IA of the RBI Act, 1934. The release states that, following cancellation, the company cannot transact the business of a non-banking financial institution. It was additionally prohibited under Section 45MB(1) from accepting deposits and under Section 45MB(2) from alienating its assets. The company remains obligated to repay public deposits as per the terms and conditions of the deposit contract.
Severity Assessment
This is a cancellation of the NBFC certificate of registration, which is a severity-5 action regardless of the additional deposit and asset restrictions.
Ju Ju Finance & Leasing Ltd. must stop operating as a non-banking financial institution, cannot accept fresh deposits, and cannot alienate assets. Public depositors retain the right to repayment under the terms of their deposit contracts.
Published as Ju Ju Finance & Leasing Ltd.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
© 2026 RegOversight by OddVector