Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
18 Mar 2009
Case Brief
The Reserve Bank of India cancelled the certificate of registration of M/s Anshuman Leasing (P) Limited on January 30, 2009. The company, with registered office in Rohtak, Haryana, had been granted registration to carry on the business of a non-banking financial institution. Acting under Section 45-IA(6) of the RBI Act, 1934, RBI cancelled the registration certificate, which means the company is no longer permitted to transact NBFC business.
Why RBI Acted
The Reserve Bank of India cancelled the certificate of registration granted to M/s Anshuman Leasing (P) Limited under Section 45-IA(6) of the RBI Act, 1934. The release states that the company had been registered to carry on the business of a non-banking financial institution; after cancellation, it cannot transact that business.
Operating Impact
The company must stop carrying on non-banking financial institution business. This removes its ability to operate as an NBFC and affects any customers or counterparties relying on such business activities.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
- Section 45-I of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Order Date
- 30 Jan 2009
- Effective From
- 30 Jan 2009
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC