Case Brief
RBI notified that it cancelled, as surrendered on October 26, 2002, the Certificate of Registration issued to Mahaan Hire Purchase and Finance Limited under Section 45-IA(6) of the RBI Act, 1934. The registration had authorised the company to carry on business as a non-banking financial institution. Following the cancellation, the company is not permitted to transact NBFC business under the Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Nizamabad, Telangana
- Order Date