Case Brief
On November 30, 2007, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Pavana Putra Financial and Investments Limited, whose registered office is at No. 17, Plat Form Road, Bangalore 560020. The cancellation was issued under Section 45-IA(6) of the Reserve Bank of India Act, 1934. 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
- Bangalore, Karnataka
- Order Date