Case Brief
What Happened
On June 13, 2012, the Reserve Bank of India cancelled the certificate of registration issued to Maruti Securities Limited under Section 45-IA(6) of the RBI Act, 1934. RBI noted that the company, whose registered office was at Plot No. 66, Park View Enclave, Hasmatpet Road, Hyderabad, had voluntarily exited from carrying on non-banking financial institution activities. As a result of the cancellation, the company can no longer transact the business of a non-banking financial institution.