Gazi Financial Services and Investments Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

The Company has been incorporated on 26th April, 1994 as a
Public Limited Company in the State of Maharashtra and has
obtained Certificate for Commencement of Business on 9th
May, 1994. The company has been incorporated with the main
object to carry on the business of Sharebroking, Investment
advising, financial services etc. The Company has been
shortlisted for the Corporate Membership of Bombay Stock
Exchange. The company is currently engaged in creating the
infrastructure for the starting up of business of
sharebroking and allied activities.

MAIN OBJECTS OF THE COMPANY

The main objects of the company as per its Memorandum and
Articles of Association are given below.

1. To carry on the business as the finance Company and
advance money to any person, firm or body corporate and to
receive money on deposit or loan and to carry on business
as financiers, factors and to undertake and carry on
execute all kinds of financial operations but the company
shall not carry on banking business in the Banking
Regulation Act, 1949.

2. To carry on the business of an Investment Company and
for that purpose to invest, acquire, underwrite, subscribe
for, hold shares, bonds, stocks, securities, debentures,
debenture stock issued or guaranteed by any company
constituted and carrying on business in India or elsewhere,
any government, state, dominions sovereign, Central or
Provincial Commissioner, Port Trust, Public Body or
authority, Supreme, municipal local or otherwise whether in
India or elsewhere and to apply for membership of
recognized stock exchange and to act as broker, sub broker,
underwriter, issue house, Registrars, Lead Managers &
activities of Financial Services.

As per the advise of Bombay StockExchange, the company has
passed the special resolution, subject to the confirmation
by the Company Law Board, for amending the main object
clause of its Memorandum of Association, at the Extra
Ordinary General Meeting held on 12th November 1994. The
Company has, on 21st December 1994, filed the petition
under section 17 of the Companies Act 1956 for confirmation
of the said amendment by the Company Law Board. As per the
special resolution sub clauses 1(a) and 1(b) have been
inserted as under :

1 (a) So long as the company is engaged in, stockbroking as
a member of any recognised stock exchange in India, it will
engage itself in only such business as a member of a
recognised stock exchange is permitted to be engaged in
under the Securities and Contracts (Regulations) Rules 1957
and the Rules, Byelaws and Regulations of the Stuck
Exchanges. Subject to the foregoing, the objects for which
the company is established are :

1 (b) To undertake and pursue the business as Share and
Stock Brokers, Dealers, Underwriters, Subunderwriters,
Market Makers in, Stocks, Shares, Debentures, Bonds,
Foreign Exchange, Units of Unit Trust of India and other
Mutual funds, in other securities of Joint Stock Companies
and in Public Sector, Private Sector, Central Government,
State Government, Corporations, Quasi Government
undertakings, autonomous corporations or other undertakings
of Central and State Government, Banks, Insurance Companies
and any other Securities of whatever nature which may be
offered to the public or for private subscription or any
other line of activity which may be combined to achieve
aforesaid objectives of the Company.

The existing sub clause 1 and 2 have been renumbered as sub
clause 2(a) and 2(b) in the Main Object Clause.

The Company is a part of GAZI GROUP OF COMPANIES. The
group shall be involved in Share and Stock Broking
activities on Bombay Stock Exchange and National Stock
Exchange.

SUBSIDIARY OF THE COMPANY

The company has no subsidiaries.

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