History of Action Financial Services [Indias] Ltd.

Action Financial Services [Indias] limited was established, as Public Limited Comp. in the State of Maharashtra, Bombay on 1st October, 1992 & obtained commencement of Business Certificate on 20th November, 1992, to undertake Broking, Portfolio Management Services [PMSs], Investment Advisory & Financial Counselling Services alongwith Merchant Banking & other related activities. This group consists of Chartered Accountants, Financial Analysts, Technical Analysts & Corporate Counsellors, all led by Mr. Milan R Parekh, himself a member of Bombay Stock Exchange. Knowing the importance of upto date information, the Action group maintains modern & dynamic information banks. The Action team monitors this information & subsequent changes and through the latest analytical tools, takes maximum advantage at minimum risks.

Having a well set-up organisational infrastructure, experienced manpower, communication networks & computing power, the Action Investment Group is fully equipped to provide excellent services for unparalleled results.

MAIN OBJECTS OF THE COMPANY

The main objects of Comp. as stated in the Memorandum of Association of Comp. are as under:

1. To Undertake advisory & financial counselling services.

2. To develop & provide financial services supermarket, including underwriting, placement, distribution, selling & marketing of public issues to financial institutions, corporate, individuals & other entities through the company network & through dealer/broker outlet, acting as registrars & transfer agents in respect of securities and money market instruments, dealing & positioning in securities like equities, preference shares, bonds, debentures, warrants & money market instruments, advisory & other intermediary services, financing business enterprises & individuals through loans, leasing, hire purchase, factoring, bill discounting, contribution towards capital & other means & providing cash, management, advisory services, portfolio management & to act as merchant bankers subject to permission as may be required.

SUBSIDIARY COMPANY

The Comp. doesn't have any subsidiary company.