Case Brief
On February 8, 2005, the Reserve Bank of India cancelled the Certificate of Registration issued to Bhaskar Narayan Finance Company Private Limited, Hyderabad. The order was passed under Section 45IA of the RBI Act, 1934, which governs registration and cancellation of NBFCs. This is a full licence cancellation affecting the company’s ability to carry on non-banking financial institution business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date