Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Rangers Commercial Pvt. Ltd., whose registered office was in Jammu. The action was taken under Section 45-IA(6) of the RBI Act, 1934, after the company voluntarily exited the business of a non-banking financial institution. As a result, the company can no longer carry on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Jammu, Jammu and Kashmir
- Order Date