Case Brief
On November 19, 2007, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Evergrowing Iron and Finvest Limited, New Delhi, whose registered office was at 17, Jor Bagh, New Delhi-110013. The cancellation was issued under Section 45-IA(6) of the Reserve Bank of India Act, 1934, for carrying on the business of a non-banking financial institution. As a result, the company cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date