Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Chennakesava Finance and Investments Private Limited on January 4, 2006. The company, whose registered office is in Hyderabad, was registered to carry on the business of a non-banking financial institution. The action was taken under Section 45-IA(6) of the Reserve Bank of India Act, 1934. As a result, the company is prohibited from transacting non-banking financial institution business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date