Case Brief
On May 29, 2007, the Reserve Bank of India cancelled the Certificate of Registration of Jaju Enterprises Limited (presently known as Atharv Enterprises Limited), registered at Kolhapur, for carrying on NBFC business. RBI stated that the company had opted to exit from the business of a non-banking financial institution. As a result, the company is no longer permitted to transact NBFC business under Section 45-I(a) of the RBI Act, 1934.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolhapur, Maharashtra
- Order Date