Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to Minerva Holdings Limited, whose registered office was at A-34, Sector-14, Noida, District Gautam Buddh Nagar, Uttar Pradesh. The cancellation was issued on September 12, 2005 under Section 45-IA(6) of the RBI Act, 1934. Because the registration was cancelled, Minerva Holdings Limited is no longer permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Noida, Uttar Pradesh
- Order Date