Case Brief
On April 28, 2005, the Reserve Bank of India cancelled the Certificate of Registration of Niskalp Investments and Trading Company Limited, whose registered office was in Chembur, Mumbai. The company was registered to carry on the business of a non-banking financial institution. The release states that RBI exercised its powers under Section 45IA of the Reserve Bank of India Act, 1934 to cancel the registration certificate of the NBFC.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date