Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of four companies: Marwah Finance Pvt Ltd, PVP Capital Limited, Rain Bow Finance India Ltd, and Ram Alloy Castings Private Limited. The action was taken under Section 45-IA(6) of the RBI Act, 1934. Following cancellation, the entities are prohibited from transacting business as non-banking financial institutions.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Action Type
- License cancellation
- Order Date