Case Brief
RBI cancelled the Certificates of Registration of five NBFCs under Section 45-IA(6) of the RBI Act, 1934: Key Dealers Private Limited, Mudrika Stationery Pvt. Ltd., Parasad Trading Company Private Limited, Lordem Trading Co (P) Limited, and Shikhar Holdings (P) Limited. The cancellation means these entities cannot transact the business of a Non-Banking Financial Institution under the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal
- Order Date