Case Brief
On April 12, 2005, the Reserve Bank of India cancelled the certificate of registration of J. S. Sethi Finance & Investment Pvt. Ltd., Haldwani, under Section 45IA of the RBI Act, 1934. As a result, the company can no longer carry on the business of a non-banking financial institution. RBI also prohibited the company from accepting deposits and from alienating its assets under Section 45MB.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Haldwani, Uttaranchal
- Order Date