Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of G.S. Finance and Investments Limited, whose registered office was in Rajajinagar, Bangalore, under Section 45-IA(6) of the RBI Act, 1934. The release says the cancellation followed the company’s decision to exit the business of a non-banking financial institution. As a result, the company is no longer permitted to transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Bangalore, Karnataka
- Order Date