Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of M/s Bankebehari Trading & Investments Ltd. with effect from September 30, 2013, under Section 45-IA(6) of the RBI Act, 1934. The company, based in Kolkata, is therefore prohibited from transacting the business of a non-banking financial institution. This is a licensing cancellation rather than a monetary penalty or operational restriction.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal
- Order Date