Dynamic Portfolio Management and Services limited was incorporated as a Public Limited Comp. having its Registered Office at Calcutta, in West Bengal on 11th May 1994. The Comp. received the certificate of commenncement of business on 23rd May, 94.
The Comp. presently has an issued, subscribed & paid up capital of 14,46,000 equity shares of Rs.10/- each aggregatrng to Rs.144.60 lacs,
The Comp. being in the nonbanking finance sector. is engaged in a comprehensive range ot financial services like investment in shares,investment udvisory services etc. The company intends to diversify into providing core financial services like issue management, portfolio monagement, share discounting. leasing etc, It has recently set up an equity research cell for conducting research on primary and secondary market.
2. MAIN OBJECTS OF THE COMPANY
The main Objects to be pursued by company, on its incorporation, as set out in its memorandum of association are inter alia as under;
1. To provide financial services, advice & facilities of every description induding [but without limiting the generality of foregoing wordes] all those capable of being provided by merchant banker. stock brokers, advisers promoters & ista'nagers of unit trusts & trustees, insurance brokers issuing houses, monetary agents, investment consulants, & financiers & to promote the formation & mobitisation of capital to manage capital savings & investment, to negotiate loans of every description, to raise venture capital or manage the issue of shares or other securities, to undertake, advisory and counselling services, to provide loan syndication to revolve investments & to carry on business of foreign exchange broking dealing in securilies licenses import and export entitement certificates, scrips, & other similar instrument & to act as registrar & transfer agents of shares & securities & to issue, accept'and register all types of instruments & to acquire membership/dealership of any bodies/institution which regulates primary/secondary markets including OTC Exchange of India & to carry on such other functions as these institutions may prescribe.
2. To carry on business either singularly or jointly with others as franciers of imports, exports, trade, industry, mining, agriculture, horticulture, plantation, forestry and other economics activities, whatsoever, deal in and discount bills, promissory notes, hundies, cheques, warrants, coupons, comercial papers & other negotiable and transferable instruments, licences, options, privileges, bookdebts, claims, choose in action and contracts, as investors, lenders, borrowers, lessors, lessees, hire purchasers, sellers on hire, mortgagers, surities, representatives, agents, brokers, dealers in securities, capital market operators, custodians. Registrar & share tranfer agents, trustees, executors, receivers, atomeys, ominees, negotiators, arbitrators, issue advisors & consultants in investments, financial, management, technical, operational & othet fields, operators of safe deposit vaults to negotiate procure and guarantee the procurement of loans funds & subscriptions for securities, mortgages, leases & obligations, to carry on the business in indemnities, to advance, deposit and lend & to accept advances, & loans, to execute trusts and to deal in reversionary, contingent & other rights and interests, to carry on all or any of business connected with real estate as valuers, surveryors, inspectors, to supply provide, maintain & operate services, facilities conveniences, bureaus & the like providing general administrative, commercial, financial, technical, placement, credit taking information to float promote form subsidies, assist, receive work perform, undertake & direct the formation, supervision & control of any business enterprise or operation, to carry on the business as buyers sellers, importer, exporters, manufactures, producers processors, growers, & dealers in capital goods & other merchandise & products jewellery precious stones, minerals, metals, curios, artifacts, and articles of virtue, arts & antiquities & as warehousemen & stevedors.
3. CURRENT BUSINESS
The Comp. is presently engaged in trading & a comprehensive range of financial services which include the following:.
as] Dealing in Shares & Securities:
The Comp. invests in Shares & Securities on its own, on the basis of indepth study of scrips & the industry. The Company has already made an investment of Rs.86 lacs in Shares and Securities of various Companies both in primary as wall as secondary markets.
bs] Equity Research:
The Comp. provides Equity Research reports to its clients who take their investment decisions based on these reports.
The funds deployed in various activities as on 30.11.94, is as under:
[Rs in Lacss] Fixed Assets 6.03 Share Investments 85.73 Loans Advances and Deposits 56.09 [includes share application money for various public issues of Rs 56.00 lacss]
4. SUBSIDIARIES OF THE COMPANY
The Comp. doesn't have any subsidiary company.