Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to Vikas Profin Limited, New Delhi, on November 20, 2006. The action was taken under Section 45-IA(6) of the RBI Act, 1934, after the company opted to exit the business of a non-banking financial institution. Following the cancellation, Vikas Profin Limited is no longer permitted to carry on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date