Case Brief
On December 15, 2006, the Reserve Bank of India cancelled the Certificate of Registration of Sanghamitra Leafin Limited, whose registered office was in Vijayawada, Andhra Pradesh. The action was taken under Section 45-IA(6) of the RBI Act, 1934, after the company opted to exit the non-banking financial institution business. 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
- Vijayawada, Andhra Pradesh
- Order Date