Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Pilibhit Finance Limited, Pilibhit, on January 13, 2006. The company, an NBFC, is no longer permitted to carry on the business of a non-banking financial institution. In addition, RBI prohibited it from accepting public deposits and from alienating any of its assets, citing Sections 45-IA(6) and 45MB(1)/(2) of the RBI Act, 1934.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Pilibhit, Uttar Pradesh
- Order Date