Case Brief
On March 31, 2008, the Reserve Bank of India cancelled the Certificate of Registration of M/s. Akhil Sanghi Finance Private Limited, which was granted for carrying on the business of a non-banking financial institution. The cancellation was issued under Section 45-IA(6) of the Reserve Bank of India Act, 1934. Following this action, the company is barred from transacting non-banking financial institution business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date