Case Brief
On August 29, 2012, the Reserve Bank of India cancelled the Certificate of Registration No. B-09.00366 dated July 20, 2001, issued to Venkataraya Finance Private Limited, whose registered office was in Tanuku, Andhra Pradesh. The registration had authorized the company to carry on the business of a non-banking financial institution. RBI said the cancellation followed the company’s voluntary exit from NBFI activities and was exercised under Section 45-IA(6) of the RBI Act, 1934.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Tanuku, Andhra Pradesh
- Order Date