Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Mudavoor Financial Services Limited, which had its registered office in Muvattupuzha, Ernakulam District. The release says the company was carrying on the business of a non-banking financial institution and that RBI exercised its powers under Section 45-IA 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
- Muvattupuzha, Kerala
- Order Date