The Reserve Bank of India, has
on July 25, 2005 cancelled the certificate of registration issued to Sri Ganesh
Anand Leasing & Finance Limited having its registered office at Arundeep Complex,
IInd Floor, Opposite BHEL Enclave, Akbar Road, Tadbund, Bowenpally, Secunderabad-500
009 for carrying on the business of a non-banking financial institution.
Under powers conferred by Section
45-IA of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the
registration certificate of non-banking financial company. The business of a
non-banking financial institution is defined in clause (a) of Section 45-IA
of the Reserve Bank of India Act, 1934.
P.V.Sadanandan
Manager
Press Release: 2005-2006/146
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