Case Brief
On January 05, 2007, the Reserve Bank of India cancelled the certificate of registration of Mandira Investment and Finance Company Private Limited, New Delhi. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934 because the company had opted to exit the business of a non-banking financial institution. As a result, the company can no longer transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date