CONTENTS; 1. 1 Introduction; 1.2 Background; 1.3 Research Methodology; Chapter II; 2. 1 Transactional Analysis of Lease Financing; 2.2 Leasing and Lending; 2.3 Lease and lease Financing; 2.4 Lease and hire Purchase; 2.5 Lease and hypothecation 2 .6 Leases and License 2.7 Lease financing and contract for Direct purchase 2.8 Sale and lease back Transaction 2.9 Lessee is a virtual Owner- A Myth; 2.10 A bumpy Road; Chapter III; Regulatory Aspect of Leasing; 3.1 Introduction; 3.2 General Governing the Lease Transaction; 3.2.1 India Contract Act, 1872; 3.2.2 Sale of Goods Act, 1930; 3.2.3 The Transfer of Property Act, 1882 3.3 Specific law Governing Lease Transaction 3.3.1 Hire Purchase Act, 1972 3.3.2 Lease Finance Companies under the Companies Act, 1956; 3 .3.4 Lease Companies formed Under Co-operative Societies Act, 1932; 3.3.5 Competition Act, 2002; 3 .3.6 Leasing Business under Indian Partnership, 1932; 3.3.7 Foreign Exchange Regulation Act; 3.3.8 Leasing under Indian Registration Act, 1908; 3.3.9 Lease Transactions under Indian Stamp Act, 1899; 3.3.10 Limitation Act, 1930; 3.3.11 Leasing under Income Tax Act, 1961; 3.3.12 Sales Tax/Value Added Tax; 3.1.3 NBFC (Reserve Bank) Directions 1977; Chapter IV; Lease Finance Agreement A critical Analysis; 4.1 Introduction; 4.2 The Basic principles of Lease Finance Agreement 4.3 Finance Lease Agreement: 4.4 Operating Lease Agreement: 4.5 Tripartite Agreement; 4.6 Documenting a Lease; 4.8 Legal Remedies available to parties; Chapter V; Leasing and other mode of secured lending under English Law; Chapter VI; Analysis of Empirical Studies; 6.1 Background of the Research; 6.2 Survey of Leasing Companies and banks; 6 .3 The Lessor' view point; 6.4 The Survey of Tenants; Chapter VII; Legal gapes in the current Regime-A brief Analysis 140s; Conclusion; Glossary of words; ANNEXURE-I (The Model lease Law For India Prepared by the researcher); ANNEXURE -II (UNDROIT Convention on Lease Financing); ANNEXURE -III (Text on Prudential Norms of NBFC); ANNEXURE- IV (Questioner for survey of Tenants); ANNEXURE -V (Questionnaire for Survey of Lessor/Finance Companies); ANNEXURE -VI (lease and Hire purchase Agreement); ANNEXURE- VII (Hire Purchase Act, 1972)