The Reserve Bank of India has on February 05, 2009 cancelled the certificate of registration granted to M/s. Kasturi Leasing & Financial Services Ltd. having its registered office at New Market, Nautanwa, Maharajganj (U.P.) for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business of a non-banking financial institution. Following cancellation of the registration certificate the company cannot transact the business of a non-banking financial institution.

            Under powers conferred by Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank can cancel the registration certificate of a non-banking financial company. The business of a non-banking financial institution is defined in clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.