Case Brief
On September 09, 2005, the Reserve Bank of India cancelled the certificate of registration granted to Abuzu Holdings Private Limited, Ahmedabad, under Section 45-IA of the RBI Act, 1934. The cancellation was in relation to the company’s carrying on the business of a non-banking financial institution. Following this action, the company is prohibited from transacting NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Ahmedabad, Gujarat
- Order Date