Case Brief
On November 13, 2009, the Reserve Bank of India cancelled the Certificate of Registration of Veljan Investments Limited, Hyderabad, under Section 45-IA(6) of the RBI Act, 1934. The company was registered to carry on the business of a non-banking financial institution, but the release says it had opted to exit from that business. As a result, it can no longer transact NBFC business.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Andhra Pradesh
- Order Date