Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of five NBFCs under Section 45-IA(6) of the RBI Act, 1934. The named entities are Dar's Financial Services Pvt Ltd, Rolta Holding and Finance Corporation Private Limited, Vasudeo Securities Pvt Ltd, Parsoli Corporation Limited, and A. C. Choksi Financial Services Pvt. Ltd. (as per MCA: Deus Financial Capital Private Limited). Following cancellation, these companies are prohibited from transacting the business of a Non-Banking Financial Institution as defined under the RBI Act.
Action Snapshot
- Primary Impact
- License cancellation
- Entity Type
- NBFC
- Location
- Kolkata, West Bengal
- Order Date