Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Baliga Investments Private Limited, whose registered office was in Mysore, on 30 January 2009. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, after the company opted to exit from the business of a non-banking financial institution. Following the cancellation, the company is no longer permitted to transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Mysore, Karnataka
- Order Date