Case Brief
On April 18, 2007, the Reserve Bank of India cancelled the certificate of registration of Sampann Finance Limited, which had its registered office in Muzaffarnagar. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. The release says the company opted to exit from the business of a non-banking financial institution, and following cancellation it cannot transact that business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Muzaffarnagar, Uttar Pradesh
- Order Date