Case Brief
On February 13, 2009, the Reserve Bank of India cancelled the Certificate of Registration granted to M/s. Micro Fin Securiteis Private Ltd. for carrying on the business of a non-banking financial institution. RBI cited the company’s voluntary exit from the NBFC business and acted under Section 45-IA(6) of the RBI Act, 1934. As a result, the company is no longer permitted to transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kanpur, Uttar Pradesh
- Order Date