Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to Siri Malle Finance Limited, with effect from June 7, 2007, under Section 45-IA(6) of the RBI Act, 1934. The company, based in Hyderabad, had been authorised to carry on the business of a non-banking financial institution. As a result of the cancellation, it cannot transact NBFC business any further.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date