Williamson Financial Services' NBFC Registration Certificate Cancelled by RBI
Williamson Financial Services Ltd has announced that its certificate of registration to conduct business as a Non-Banking Financial Company (NBFC) has been cancelled by the Reserve Bank of India (RBI).The company confirmed that it received notification from the RBI regarding the cancellation. This action was carried out in accordance with powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Following the cancellation, Williamson Financial Services is currently seeking advice concerning this matter, including exploring possibilities for the restoration of the NBFC certificate.
Stock Price Movement
Williamson Financial Services Ltd closed on Monday at ₹7.35, settling down 4.92% in the post-market session. That price reflected a day where the shares were completely locked, trading neither higher nor lower from their opening level of ₹7.35.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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