Case Brief
On May 12, 2010, the Reserve Bank of India cancelled the Certificate of Registration of KLS Finance and Investments Limited, which had its registered office at KLS Complex, Bellary Road, Hospet 583201. The cancellation was issued under Section 45-IA(6) of the RBI Act, 1934. RBI stated that the company had opted to exit from the business of a non-banking financial institution, and therefore its registration was cancelled.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hospet, Karnataka
- Order Date