Case Brief
The Reserve Bank of India cancelled the Certificate of Registration of 25 NBFCs under Section 45-IA(6) of the RBI Act, 1934. The listed companies are spread across Delhi, Kolkata and Assam and include Hindon Investment Ltd., Shinam Estate & Finvest Private Limited, STS Finvestment Private Limited, Zuha Financial Services Limited, DBG Leasing and Housing Limited, and others. Following cancellation, the release explicitly says these companies shall not transact the business of a Non-Banking Financial Institution under Section 45-I(a) of the RBI Act.