Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Sandeep Traders and Investments Limited, Ahmedabad, on December 22, 2004. The release states that the entity had been issued the certificate to carry on the business of a non-banking financial institution and cites Section 45IA of the RBI Act, 1934 as the basis for RBI’s authority to cancel such registration certificates.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Ahmedabad, Gujarat
- Order Date