Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to M/s Mango Securities Limited, Hyderabad, under Section 45-IA of the RBI Act, 1934. The order is a licence cancellation for a non-banking financial company. No specific misconduct is described in the release, but the effect is that the company is no longer permitted to carry on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date