Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to M/s. Santosh Securities Limited, whose registered office was in Ahmedabad. The cancellation was made on April 4, 2005 under Section 45IA of the RBI Act, 1934, in relation to its authorisation to carry on the business of a non-banking financial institution. This is a licensing action that removes the company's permission to operate as an NBFC under the cancelled registration.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Ahmedabad, Gujarat
- Order Date