Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Vinay Credit Company Private Limited, whose registered office was in Visakhapatnam, on 8 August 2008. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, after the company opted to exit the business of a non-banking financial institution. Following the cancellation, the company cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Visakhapatnam, Andhra Pradesh
- Order Date