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Glance Finance Ltd. Company History and Annual Growth Details

GLANCE FINANCE LTD. was incorporated as a Private Limited Company on 21st September 1994 with Registrar of Companies Maharashtra, Bombay and subsequently converted into a Public Limited Company on 28th September 1994 by passing a Special Resolution in the Extra-ordinary General Meeting held on 24th September, 1994. The company is carrying the
business of Leasing, Investment Banking, and Money market operations and Company intends to carry on the business of Leasing also. Since the Company does not propose to accept any deposits from the Public it has not been rated by the Credit Rating Agency. There are no non-performing assets.

The original subscribers to the Memorandum and the first directors were Mr. Sandeep Srivastava and Mr. Rajesh Dogra holding 10 shares each on the date of incorporation i.e. 21.09.94. Subsequently, the present directors viz. Mr. Padam Jain, Smt. Shashi Jain and Mr. Anil Jain were
appointed as directors on 22.09.1994. The Company was taken over by the present directors. Hence the first directors resigned on 23.09.94.


The Company does not have any subsidiary company.


-The members have agreed to the following in their annual general meeting:-

1. Cancellation of unissued Equity Shares Capital of Rs 40,00,000/- and the Authorised Equity Shares capital be diminished from Rs 3,50,00,000 to Rs 3,10,00,000/-

2. To diversify its business to other business activities as detailed below:

i. Dealing in all types of trading activities
ii. Dealing in Jewellery and gold
iii. Dealing in Steels and related metals
iv. Dealing in yarns and textiles
v. Dealing in foods for human or animal consumption.

3. Authorised Share Capital of the Company be increased from Rs 3,10,00,000/- divided into 3100000 equity share of Rs 10/- each to Rs 3,50,00,000/- divided into 3,10,000 equity share of Rs 10/- and 40000 Redeemable Preference Share of Rs 100/- each

Oct 27, 12:00 am
Oct 27, 4:14 pm
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