Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted to Kuzhiyathu Hire Purchase & Finance Private Limited, whose registered office was stated as 553/IV, Cheriyanad, Mampra P.O., Chengannur, Kerala. The action was taken under Section 45-IA(6) of the Reserve Bank of India Act, 1934. As a result of the cancellation, the company cannot carry on the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chengannur, Kerala
- Order Date