Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to M/s. SDFC Finance Limited, Vadodara, under Section 45-IA(6) of the RBI Act, 1934. The stated basis was that the company had ceased to be a non-banking financial institution. The release further says the company had not surrendered its original certificate and had reported it as lost or misplaced, and it warns the public against misuse of the certificate.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Vadodara, Gujarat
- Order Date