Case Brief
On September 8, 2003, the Reserve Bank of India cancelled the Certificate of Registration granted to Abhay Investments Private Limited, whose registered office is in Secundrabad, Andhra Pradesh. The order was issued under Section 45IA of the RBI Act, 1934. As a result, Abhay Investments Private Limited cannot transact the business of a non-banking financial institution.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Secundrabad, Andhra Pradesh
- Order Date