Case Brief
On December 27, 2005, the Reserve Bank of India cancelled the certificate of registration of Fantasy Securities Private Limited, whose registered office is in Kanpur, Uttar Pradesh. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, for the company’s non-banking financial institution business. As a result, Fantasy Securities Private Limited cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kanpur, Uttar Pradesh
- Order Date