Case Brief
The Reserve Bank of India cancelled the certificate of registration of three companies under Section 45 IA of the RBI Act, 1934. The affected entities are Twin Cities Investments & Finances Limited, Parasnath Fin-Sec Pvt. Ltd., and Sri Ramalingeshwara Leasing & Autofin Pvt. Ltd. Following cancellation, the companies are barred from transacting business as non-banking financial institutions under the Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date