Case Brief
The Reserve Bank of India cancelled the certificate of registration of Automobile and General Finance Company Limited, Agra on June 25, 2005 under Section 45-IA of the RBI Act, 1934. Following the cancellation, the company is no longer permitted to carry on NBFC business. RBI additionally prohibited the company from accepting deposits and from alienating its assets under Section 45-MB.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Agra, Uttar Pradesh
- Order Date