Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 30 companies under Section 45-IA(6) of the RBI Act, 1934. The listed entities include companies such as Exken Finance Private Limited, Mandhana Finlease Private Limited, and others across Mumbai, Pune, Nagpur, Thane, Ahmednagar, and Navi Mumbai. Following the cancellation, these companies are prohibited from transacting the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act, 1934.