Case Brief
The Reserve Bank of India, by order dated April 3, 2008, cancelled the Certificate of Registration of M/s. Hexagon Capital Advisors Private Ltd. (formerly Hexagon Credits Private Limited), whose registered office was in Bangalore. The action was taken under Section 45-IA(6) of the RBI Act, 1934. As a result, the company is not permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Bangalore, Karnataka
- Order Date