Case Brief
The Reserve Bank of India, acting under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of 30 NBFCs named in the press release. The companies span locations including Kolkata, Hyderabad, Jammu, Thrissur, Punjab, Telangana, Kerala and Palakkad, with the release listing their office addresses and cancellation order dates. Following cancellation, the entities cannot transact business as Non-Banking Financial Institutions under Section 45-I(a) of the RBI Act, 1934.