Case Brief
On May 18, 2009, RBI cancelled the Certificate of Registration of Vembu Investments Private Limited, Chennai, under Section 45-IA(6) of the RBI Act, 1934. The release says the company had chosen to exit the business of a non-banking financial institution, and as a result RBI cancelled its registration. The cancellation means the company cannot continue transacting the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chennai, Tamil Nadu
- Order Date