The Reserve Bank of India has on March 17, 2008 cancelled the certificate of registration granted to M/s. International Resources Management & Leasing Corporation Ltd. having its registered office at B-1/12 Safdarjung Enclave, New Delhi - 110029 for carrying on the business of a non-banking financial institution. Following cancellation of the registration certificate, M/s. International Resources Management & Leasing Corporation Ltd., 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.

Ajit Prasad
Manager

Press Release :2007-2008/1357