Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Maha Seer Investment Private Limited, New Delhi, on November 14, 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. As a result, the company is no longer permitted to transact non-banking financial institution business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date