Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s. Sargam Capital Limited, Surat, on July 15, 2009. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934 after the company opted to exit from the business of a non-banking financial institution. With the registration cancelled, the company cannot carry on or transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Surat, Gujarat
- Order Date