Case Brief
On June 20, 2005, the Reserve Bank of India cancelled the Certificate of Registration issued to GSL Capital Limited, whose registered office is in Secunderabad, for carrying on the business of a non-banking financial institution. The action was taken under Section 45IA of the Reserve Bank of India Act, 1934, which empowers RBI to cancel the registration certificate of an NBFC.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Secunderabad, Telangana
- Order Date