Case Brief
On April 7, 2005, the Reserve Bank of India cancelled the Certificate of Registration issued to Sarita Finance Limited, Hyderabad. The action was taken under Section 45IA of the Reserve Bank of India Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company. As a result, the entity can no longer operate as a registered NBFC/non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date