Case Brief
On September 9, 2008, the Reserve Bank of India cancelled the Certificate of Registration of Hastah Finances Limited, a non-banking financial company with its registered office in Visakhapatnam. The action was taken under Section 45-IA(6) of the RBI Act, 1934. As a result, the company is no longer permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Visakhapatnam, Andhra Pradesh
- Order Date