|The Company was incorporated on 15th February, 1994 and obtained certificate of commencement ot business on 22nd March, 1994. The company has been mainly doing the business of Sale of securities till now.
PRESENT BUSINESS OF THE COMPANY
Presently the Company is engaged in the business of Investments & Inter Corporate Deposits. The investment activities of the Company has been major source of income of the company. The investment activities relates mainly to primary market i.e. investment in new issues and giving
loans and advances. Till date the company has made investmentof Rs. 65.00 lacs in share applications of different companies and a sum of Rs.38.00 lacs has been advanced as intercorporafe deposit.
SUBSIDIARY OF THE COMPANY
At present of the company does not have any subsidiary.
MAIN OBJECTS OF THE COMPANY
1. Subject to the approval ot the Securities and Exchange Board of India and other authorities where required to carry on the business of stock share broking and its allied matters such as acting as underwriters, sub-underwriters, brokers to issue of securities, dealers in securities,
buying selling, transferring, hypothecating and holding of Shares, Debentures and securities of all kinds and description of issue of Shares/Debentures and securities of all kinds. Lead Managers or Co-Managers, Brokers and Sub-Brokers of Stocks and new issues of Shares, Debentures and Securities of all kinds and description, Registrars to the issue of Securities, Share Transfer Agents, Investment Business, Portfolio Management, Corporate Counselling, Investment Counselling, Fixed Deposit Brokers, Inter Corporate Investment Canvassors, Financial Consultants, Finance and Discount Brokers, Foreign Exchange Brokers
(with the permission of RBI & other authorites), Advisors and Consultants to the Issue of Securities of all kinds and types in all their aspects in India or outside and to manage/arrange mergers and acquisitions.
2. To apply for and become a corporate Member of any stock exchange/exchanges or to take over any existing Share Broking firm at Delhi or other places as may be expedient in the interest of carrying on the above objects of the Company.
3. To acquire and hold, buy or sell or otherwise dispose of or deal in securities of any kind, Shares, Debentures, Debenture Stocks, Bonds Units, Obligations and Securities issued or guaranteed by any Government, State, Union Territory, Municipal or civic Body, Financial Institutions, commercial Papers, negotiable Instruments and Paper
Instruments of all types and kinds.
The company has passed Special Resolutiop U/s 149(2A) of the Companies Act 1966 on 19th November 1994 to commence the Business as defined in Clause No. 21, 46 & 47 of the other objects of the Memorandum of Association of the Company which are re produced below:
To carry on the business of cultivators farming, horticulture, floriculture, sericulture, dairies, cultivators, of all kinds of foodgrains, seeds, fruits, proprietors of orchards and traders, exporters, dealers, and sellers of the products, of farming, dairy,
horticulture, floriculture, sericulture and pisciculture and fishing and manufacturers of drinks, alcoholic or otherwise and beverages produced from such products or otherwise, to carry on the business of cultivators, growers, manufacturers, millers, grinders, rollers,
processors, cold stores, canners and preserves an dealers of food grains and such other agricultural, dairy, horticultural and poultry products, fruits, vegetables, herbs, medicinal flowers, drinks, fluids, and such other fresh and preservable products and to extract bye-products and derivatives whether edibles, pharmaceutical medicines or any other such kind or nature whatsoever and food preparations of every kind and description and generally the business or manufacture of and trading in preserved, dehydrated, canned or converted agricultural products,
fruits and vegetables, foods, dairy and poultry products and articles and other derivatives of all kinds and descriptions and to set up and run machinery for processing and preserving the same.
To carry on the business as financiers (not amounting to banking business within the meaning of Banking Regulation Act, 1949) by way of loaning, lending, and advancing money, to industrial individuals, commercials and such other enterprises of all types.
To carry on the business of a leasing and hire purchase company and to acquire, to provide on lease or to be provided on hire purchase basis all types of industrial and offices, plants, equipments, machinery, vehicles building and real estate, required for manufacturing, processing, transportation and trading business and such other commercial and service business.
- KLG Capital Services Ltd has appointed Mr. Nilesh Mehta as Director of the Company with effect from September 29, 2009 viz. circular resolution passed by the Board of Directors on October 12, 2009.