Case Brief
On July 18, 2008, the Reserve Bank of India cancelled the Certificate of Registration of Vasu Estates and Finance Private Limited (formerly Vasu Estates and Finance Limited), whose registered office was at Vijayawada. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934, because the company had opted to exit the business of a non-banking financial institution. As a result, the company cannot transact NBFC business any longer.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Vijayawada, Andhra Pradesh
- Order Date