Case Brief
On March 17, 2008, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Malav Holdings Pvt. Ltd., whose registered office was at 55, Hanuman Road, Connaught Place, New Delhi. The action was taken under Section 45-IA(6) of the RBI Act, 1934, in relation to the company’s business as 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