Case Brief
On June 22, 2006, the Reserve Bank of India cancelled the Certificate of Registration granted to Ispat Finance Limited, Kolkata, under Section 45-IA(6) of the RBI Act, 1934. The release says the company had opted to exit the business of a non-banking financial institution. Following the cancellation, the company cannot carry on or transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal
- Order Date