Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 25 companies under Section 45-IA(6) of the RBI Act, 1934. The entities named include Anand Business Pvt. Ltd., Manisha Motor and General Finance Limited, Bridgestone Vyapaar Private Limited, and 22 others across Kolkata, New Delhi, Jaipur, Bengaluru, Hyderabad, and other locations. Following cancellation, the release states that these companies shall not transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act, 1934.