Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Tamil Nadu Water Investment Company Ltd. on February 3, 2012. The registration, issued under Section 45-IA(6) of the RBI Act, 1934, was cancelled because the company had voluntarily exited from carrying on non-banking financial institution activities. As a result, the company is no longer permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Chennai, Tamil Nadu
- Order Date