Case Brief
The Reserve Bank of India cancelled the certificates of registration of three companies: M/s Goyal Textiles Industries Private Limited, M/s J.D.C. Estate Developers Limited, and M/s Motivational Securities Private Limited. The action was taken under Section 45-IA(6) of the RBI Act, 1934. Following cancellation, these entities cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, New Delhi
- Order Date