Recorded RBI impact
License cancellation
License cancellation · Fresh imposition
Published by RBI
16 Oct 2014
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.
Why RBI Acted
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.
Operating Impact
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.
Regulatory Basis
- Section 45-IA (6) of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- License cancellation
- Entities Affected
- 1
- Entity Role
- Primary
- Entity Type
- NBFC