Case Brief
In exercise of powers under Section 45-IA(6) of the Reserve Bank of India Act, 1934, RBI cancelled the Certificates of Registration of M/s Jagannatha Financial Services Limited, M/s SCF Finance Limited, and M/s Mansar Finance Limited. The cancellation means the three companies are barred from transacting the business of a Non-Banking Financial Institution under the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Action Type
- License cancellation
- Order Date