Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of K.N.R. Finance & Investments Private Limited on September 14, 2009 under Section 45-IA(6) of the RBI Act, 1934. The company’s registration was for carrying on the business of a non-banking financial institution. As a result of the cancellation, it cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Channarayapatna, Karnataka
- Order Date