Case Brief
On January 30, 2009, the Reserve Bank of India cancelled the Certificate of Registration of M/s Avkash Holdings Private Limited, whose registered office was in Pune. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934, because the company had opted to exit the business of a non-banking financial institution. As a result, the company can no longer transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Pune, Maharashtra
- Order Date