Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 30 named companies under Section 45-IA(6) of the RBI Act, 1934. The entities span multiple locations, including many based in Kolkata, and include Divine Leasing and Finance Limited, Esquire Financial Services Limited, and others listed in the release. Following cancellation, the companies are not permitted to transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act.