Case Brief
On July 7, 2008, the Reserve Bank of India cancelled the Certificate of Registration of Real Lines Finance and Investments Limited (formerly Real Lines Finance and Investments Private Limited), whose registered office was in Hyderabad. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934, because the company had chosen to exit the business of a non-banking financial institution. As a result, the company can no longer transact that business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date