Case Brief
On December 01, 2009, the Reserve Bank of India cancelled the Certificate of Registration of M/s. Network 18 Media & Investments Limited, whose registered office was in New Delhi. The cancellation was made under Section 45-IA(6) of the RBI Act, 1934, because the company had voluntarily exited the business of a non-banking financial institution. Following the cancellation, the company is not permitted to conduct NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date