Case Brief
On January 27, 2005, the Reserve Bank of India cancelled the Certificate of Registration issued to Steel City Holdings Limited, with registered office in Visakhapatnam, for carrying on the business of a non-banking financial institution. The action was taken under Section 45IA of the RBI Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Visakhapatnam, Andhra Pradesh
- Order Date