Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Western Securities Ltd., whose registered office was in Vikhroli (West), Mumbai, under Section 45-IA(6) of the RBI Act, 1934. The release states that the company had opted to exit the business of a non-banking financial institution. As a result, the company cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Mumbai, Maharashtra
- Order Date