Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to R.R.Finance and Projects Limited for carrying on the business of a non-banking financial institution. The order was issued on January 18, 2012 under Section 45-IA(6) of the RBI Act, 1934. RBI said the company had voluntarily exited from carrying on NBFI activities, and after cancellation it cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Hyderabad, Telangana
- Order Date