Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to Vinayaka Sai Finvest Limited, with registered offices in Nizamabad and Hyderabad, on February 14, 2005. The cancellation was made under Section 45IA of the RBI Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company. As a result, the company can no longer carry on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date