Case Brief
On June 13, 2008, the Reserve Bank of India cancelled the Certificate of Registration of Mukut Finlease Limited, whose registered office was at Mukut Complex, Rekabganj, Faizabad (U.P.). The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, for carrying on the business of a non-banking financial institution. As a result, Mukut Finlease Limited cannot transact NBFC business going forward.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Faizabad, U.P.
- Order Date