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