RBI cancels Certificate of Registration of M/s DHP Leasing Limited
Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s DHP Leasing Limited, a non-banking financial company, under Section 45-IA(6) of the RBI Act, 1934. The release says the cancellation was taken on supervisory grounds.
The Reserve Bank of India cancelled the Certificate of Registration of the NBFC under Section 45-IA(6) of the Reserve Bank of India Act, 1934. The release states that the action was taken on supervisory grounds.
Severity Assessment
Cancellation of an NBFC’s Certificate of Registration is a licence cancellation, which is a severity 5 action.
M/s DHP Leasing Limited can no longer operate as an NBFC. The cancellation removes its registration and prevents it from continuing regulated NBFC activities.
Published as M/s DHP Leasing Limited
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