Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Pacific Netinvest Private Limited, New Delhi on October 15, 2007. The company had been registered to carry on the business of a non-banking financial institution, and the cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. Following the cancellation, the company is barred from transacting NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date