HC upholds RBI’s action in cancelling certificate of registration of NBFC for not achieving required Net owned found

FEMA, BANKING amp; INSURANCE : Where petitioner, a NBFC company, failed to achieve Net Owned Fund (NOF) as required by RBI even after two years, RBI was justified in cancelling certificate of registration (CoR) of petitioner-companyFEMA, BANKING amp; INSURANCE : Where petitioner, a NBFC company, failed to achieve Net Owned Fund (NOF) as required by RBI even after two years, RBI was justified in cancelling certificate of registration (CoR) of petitioner-companywww.taxmann.com Latest Case LawsRead More

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