Case Brief
The Reserve Bank of India cancelled the Certificates of Registration of three companies: M/s. R.D. Polymers Private Limited, M/s. Satvik Bars Private Limited, and M/s. R.S. Brothers Leasing & Investment Private Limited. The action was taken under Section 45-IA(6) of the RBI Act, 1934. As a result, these companies cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- New Delhi, Delhi
- Order Date