Case Brief
On December 17, 2004, the Reserve Bank of India cancelled the Certificate of Registration issued to M/s. Perfect Holdings Ltd., whose registered office is in Surendranagar. The order was issued under Section 45IA of the RBI Act, 1934, which gives RBI the power to cancel the registration certificate of a non-banking financial company. This action removes the company’s authorization to carry on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Surendranagar, Gujarat
- Order Date