Case Brief
What Happened
On August 30, 2011, RBI cancelled the Certificate of Registration No. 09.00053 granted to M/s. Cyclo Investments Private Limited under Section 45-IA(6) of the RBI Act, 1934. The registration had allowed the company to carry on the business of a non-banking financial institution. With the cancellation, the company is no longer permitted to transact that business.