Case Brief
On January 30, 2008, the Reserve Bank of India cancelled the Certificate of Registration of Shree Parusram Ji Hire Purchase Company Limited, whose registered office was at Soron Gate, Kasganj, District Etah (U.P.). The action was taken under Section 45-IA(6) of the RBI Act, 1934, in relation to the company’s carrying on of non-banking financial institution business. Following the cancellation, the company is not permitted to transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kasganj, Uttar Pradesh
- Order Date