Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of Sri Sri Hire Purchase and Finance Limited, which is a non-banking financial company (NBFC). The release states that the cancellation was for carrying on the business of a non-banking financial institution. Following the cancellation, the company cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Action Type
- License cancellation
- Order Date