Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to Mahatma Securities India Limited on February 11, 2005. The company, with its registered office in Karimnagar (Hyderabad release title), was registered to carry on the business of a non-banking financial institution. The cancellation was made under Section 45IA of the RBI Act, 1934, which empowers RBI to cancel the registration certificate of an NBFC.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Karimnagar, Telangana
- Order Date