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.