Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Varun Capital Services Private Limited on October 01, 2008 under Section 45-IA(6) of the RBI Act, 1934. RBI said the company had ceased to be a non-banking financial institution and was not traceable, and also noted that it had not surrendered its original Certificate of Registration. As a result, the company cannot carry on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Nadiad, Gujarat
- Order Date