Case Brief
The Reserve Bank of India cancelled the Certificate of Registration granted on May 24, 2000 to Zoom Exports Limited, whose registered office is at Bangalore. The cancellation was issued on June 3, 2010 under Section 45-IA(6) of the RBI Act, 1934, after the company opted to exit the business of a non-banking financial institution. Following the cancellation, the company cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Bangalore, Karnataka
- Order Date