Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of four NBFCs under Section 45-IA(6) of the RBI Act, 1934: S.R.M. Properties And Finance Company Pvt. Ltd., North East Region Finservices Limited, Sowjenvee Finance Limited, and Opel Finance Limited. The order lists each company’s registered office, CoR number, and cancellation date. Following cancellation, the companies are prohibited from transacting the business of a Non-Banking Financial Institution under the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Jaipur, Rajasthan
- Order Date