Case Brief
On July 16, 2005, the Reserve Bank of India cancelled the Certificate of Registration issued to Haridas Finance and Leasing Limited, whose registered office was in Secunderabad. The cancellation was made under Section 45-IA of the RBI Act, 1934, which empowers RBI to cancel the registration certificate of a non-banking financial company engaged in the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Secunderabad, Telangana
- Order Date