Case Brief
The Reserve Bank of India has cancelled the Certificate of Registration of seven NBFCs under Section 45-IA(6) of the RBI Act, 1934. The companies named are Kanoi Leasfin Ltd, Aditi Sanchar Suvidha Pvt Ltd, Welmen Dealcomm Pvt Ltd, CTC Investments Private Limited, Parrot Agencies & Credit Pvt Ltd, Monolisha Management Pvt. Ltd., and MKN Investment Pvt Ltd. With the cancellation of their CoRs, these entities are barred from transacting the business of a non-banking financial institution as defined in the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal
- Order Date