The Reserves Bank of India (RBI) has cancelled the Certificate of Registration (CoR) to carry on the business of a NBFC of Amulya Leasing & Finance. The company had voluntarily applied to RBI for cancellation of its CoR as it was acting merely as a Core Investment Company (CIC) and it did not have access to public funds.
Considering the above said application, RBI issued an order dated April 26, 2016 wherein the said CoR issued to the company to carry on the business of a Non- Banking Financial Company (NBFC) has been cancelled with effect from March 01, 2016. Thus, the company is no more a Non- Banking Financial Company.
Amulya Leasing & Finance is engaged in the business of financing, and sale and purchase of shares in India.
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