Case Brief
On March 18, 2008, the Reserve Bank of India cancelled the certificate of registration of M/s. Sahil Financial Services Ltd., whose registered office was in Mayur Vihar Phase I, Delhi. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, for a company carrying on the business of a non-banking financial institution. Following the cancellation, the company is not permitted to transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Delhi, Delhi
- Order Date