The Comp. was incorporated on 27th September, 1993 as a Private Limited Comp. with the Registrar of Companies, Maharashtra at Bombay & was subsequently converted into a Public Limited Comp. by passing a special resolution in the E.G.M. held on 17th November, 1993 & obtained a fresh incorporation certificate on conversion from the Registrar of Companies Maharashtra on December 14, 1993.
PRESENT BUSINESS
The Comp. has carried out investments in capital market on its own behalf & on behalf of its clients successfully. The total income from such operations before tax for year ended 31 st March, 1994 is Rs. 1.52 lacs approximately on the basis of 6 months working giving a return of 30%. The Comp. has also invested its own funds in various listed Companies. The book value of such investment as at 31 st March 1994 was Rs.14.84 lacs.