|The Company was incorporated as Competent Automobiles Co Pvt. Ltd. in the Union Territory of Delhi on April 11, 1985 and later on converted into Deemed Public Company w.e.f. 01.07.89 u/s 43A and word 'PVT.' deleted from the certificate of incorporation by the Registrar of Companies, Delhi & Haryana. Subsequently shareholders of the Company
passed special resolution on 29.09.94 for deleting the restriction clause in the Articles u/s 3(1) (iii) of the Companies Act, 1956, and as such Company became full fledged Public Limited Company within the meaning of Section 3(1)(iv) of the Companies Act, 1956.
CACL is a profit making entity engaged in business of Car Dealership for Maruti Udyog Limited, having been allotted dealership on 17th January, 1988. It also has workshops for servicing and repair of all vehicles sold. CACL is the number one Maruti car dealer in India with a total share of 7.3% of all vehicles sold by Maruti Udyog. For three consecutive years 1991-92, 1992-93 & 1993-94 CACL has been first in the sales of cars, in the sales of spare parts and the first in workshop servicing for the last two years. The Company now proposes to set up an additional Workshop facility to cater to vehicles in the East, North & West Delhi sector.
2000 - The Company has signed tripartite agreement with NSDL, CDSL.
2002-Competent Automobiles Co Ltd has informed that Mr S S Grewal who held office of Director in the Company has resigned from the Board w e f July 28, 2002 and his resignation is accepted by the Board.
-Competent Automobiles Company Ltd has informed that Shri Arun Kumar Sodhani, who held office of Director in the Company, has resigned from the Board, w.e.f. November 02, 2006.
-Competent Automobiles Company Ltd has appointed Mr. Ramesh Chander Murada as non-executive independent director on the Board of the Company w.e.f. November 02, 2006.