Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of three NBFCs under Section 45-IA(6) of the RBI Act, 1934: M/s. Malpani Holdings Private Ltd., M/s. Sachsons Leasing and Finance Private Limited, and M/s. Tej Gaurav Finance Limited. The release lists their registered office addresses and cancellation dates, and states that after cancellation they cannot transact the business of a non-banking financial institution under Section 45-I(a) of the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Bengaluru, Karnataka
- Order Date