The Reserve Bank of India has on October 13, 2006 cancelled the certificate of registration granted to M/s Goodluck Loans and Leasing Limited, Kanpur having its registered office at 32, Chaman Lal Market, Gumti No.5, Kanpur-208012 for carrying on the business of a non-banking financial institution as the company has opted to exit from the business of a non-banking financial institution. Following cancellation of registration certificate, M/s Goodluck Loans and Leasing Limited, 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 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.

P.V.Sadanandan
Manager