The Reserve Bank of India has on May 2, 2011 cancelled the certificate of registration No.B-12.00270 granted on December 18, 2000 to Sansun Leasing and Finance Private Ltd., having its registered office at Hotel Kwality Complex, 19, Rajpur Road, Dehradun for carrying on the business of a non-banking financial institution as the company has voluntarily exited from the business. 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.

Ajit Prasad
Assistant General Manager

Press Release : 2010-2011/1765