Case Brief
On April 23, 2012, the Reserve Bank of India cancelled the Certificate of Registration (CoR) No. 16.00169, dated January 9, 2002, issued to Alternative Investments and Credits Limited. The cancellation was made on supervisory grounds under Section 45-IA(6) of the RBI Act, 1934. After the cancellation, the company is not permitted to transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Mamangalam, Koshi
- Order Date