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History of Hindustan Finstock Ltd.

The Comp. was incorporated on 9th May, 1994 with Registrar of Companies Gujarat under the Companies Act 1956 & obtained the certificate of commencement of business on 17th June, 1994.

The Comp. is engaged in the business of investment in shares & securities. The Comp. has leasing & hire purchase deals in hand which are in the advanced stages of finalisation.

From 1st November 1994 to 31st January, 1995, the Comp. has achieved a turnover of Rs. 8.62 lacs & has earned a profit of Rs. 1.06 lacs.

MAIN OBJECTS OF THE COMPANY

The main object of Comp. as set out in its Memorandum of Association is:

To carry on the activities of investment in shares, debentures, stocks, debenture stock, bonds, Comp. deposits, Government securities, Government loans, National savings & Post office savings schemes, units, & to earn income as dividend, interest, capital gain, bonus or otherwise, & to assist in providing finance for any Company, firm, person, Association of persons, by way of loans, advances, deposits & any other form of finance & to invest in, underwrite, purchase, sell, hold or otherwise acquire & despose off & 'deal' in shares, stocks, debentures, debenture stock, bonds, units, securities issued or guarrenteed by any authorities whether incorporated or established in India or elsewhere & to finance lease operations of all kinds, purchasing, selling, hiring, or letting on hire all kinds of plants and machineries & equipments that the Comp. may think & assist in financing of all & every kind & description of hire purhcase or differed payment or similar transaction & to subsidise, finance or assist in subsidising or financing the sale & maintenances of any goods articles or commodities of all & every description.

SUBSIDIARY COMPANIES

The Comp. has no subsidiary as on date.