Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to Maanasa Auto Finance Private Limited, having its registered office in Hyderabad, on 2 February 2005. The action was taken under Section 45IA of the Reserve Bank of India Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company. The release does not provide further factual details on the breach or grounds for cancellation.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date