|COMPANY, MANAGEMENT, PROMOTERS AND PROJECT INFORMATION
The company was incorporated as MARG CONSTRUCTIONS LIMITED on 16th December 1994 under the Companies Act, 1956 and obtained the certificate of commencement of business on 28th December 1994 with the principal objective of construction and sale of residential, commercial, resorts
and farm houses considering the growing demand in this sector. The company has been promoted by Mr. G R Reddy who has more than 35 years of experience in the construction industry and Mr. G R K Reddy an investment banker with 10 years of exposure in the capital and money markets.
THE MAIN OBJECTS OF THE COMPANY AS SET OUT IN THE
MEMORANDUM ARE AS UNDER
1. To carry on the business of builders and contractors and construction of residential flats, colonies office buildings, commercial and Multistoreyed Complexes, prefabricated and precost houses and to acquire by purchase, lease, exchange, or otherwise, land, buildings and hereditaments of any tenure or description and any estate or interest therein and any rights over or connected with land, and to turn the same to account as may been expedient, and in particular by preparing building sites, and by constructing, reconstructing, altering, improving, repairing, decorating, furnishing and maintaining, offices
flats, houses, factories, warehouses, shops, wharves, buildings, works and conveniences of all kinds and by consolidating or connecting or sub dividing properties and by leasing and disposing of the same.
2. To carry on the business of dealers in real estates and to manage lands, buildings, and other properties whether belonging to the company or not, and to collect rents and income, and to supply to tenants and occupiers, and others, refreshments, attendants, messengers, light, waiting rooms, reading rooms, meting rooms, lavatories, laundry
conveniences, Electric Conveniences and other advantages.
3. To purchase for investment or resale, and to traffic in land and houses and other properties of any tenure and any interest therein, and to create, sell, and deal in freehold and leasehold ground rents, and to make advances upon the security of lands or house, or other property or any interest therein, and generally to deal in, traffic by way
of sale, lease, exchange, or otherwise with and house property and any other Property whether real or personal.
Marg Constructions Ltd has informed that the Name of the Company has been changed to MARG LTD with effect from December 17, 2007.
- Marg Ltd has Signed MOU with BSNL