The Company was originally incorporated as ÂAVISHKAR FINANCE COMPANY LIMITED on 31ST December, 1984 under the Companies Act, 1956 in the State of New Delhi. The Company obtained certificate of Commencement of Business pursuant to Section 149(3) of the Companies Act, 1956 from the Registrar of Companies, NCT of Delhi and Haryana vide certificate dated 21st February, 1985. The Company came out with its initial public offering in the year 1985 for 150000 Equity Shares of Rs. 10 each and obtained listing on DSE. Avishkar Finance Company Limited was formed with an object to carry on the business of Finance and Hire Purchase and applied for obtaining registration with RBI as a Non Banking Financial Company (ÂNBFCÂ). The RBI rejected the application of Company vide its letter dated 09th January 2003. Subsequently Company changed its object by altering its Memorandum of Association and consequently changed its name from ÂAvishkar Finance Company Limited to ÂDivinus fabrics LimitedÂ. The fresh certificate of incorporation was issued by the ROC NCT of Delhi & Haryana on 27th September, 2013. Major Events: 1984 Company was incorporated as ÂAVISHKAR FINANCE COMPANY LIMITED 1985 Initial Public Offering and listing of our Equity Shares on DSE 2003 Rejection of NBFC application from RBI 2013 Object of the Company changed to Fabrics Name changed to Divinus Fabrics Limited Preferential Allotment of Shares to Non Promoters Bonus Issue in the ratio of 1:1 2013 -The Company has changed its name from Avishkar Finance Company Ltd. to Divinus Fabrics Ltd. 2015 -Divinus Fabrics Change of Registered Office to Plot No.15, B-2 , D Block Market, Vivek Vihar, Phase-1, New Delhi. |
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