Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to Electromax Finance Private Limited (formerly Vinod Leasing Private Limited), whose registered office was in Jodhpur. The cancellation was made on September 26, 2005 under Section 45-IA of the RBI Act, 1934, for carrying on the business of a non-banking financial institution. This is a licence-cancellation action against an NBFC.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Jodhpur, Rajasthan
- Order Date