Case Brief
The Reserve Bank of India cancelled the Certificate of Registration issued to TCI Securities Limited, a Non-Banking Financial Company headquartered in Secunderabad. According to the release, the company had opted to exit the business of a Non-Banking Financial Institution following its amalgamation with TCI Finance Limited, Secunderabad. RBI invoked Section 45-IA(6) of the RBI Act, 1934 for the cancellation.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Secunderabad, Telangana
- Order Date