|Genesys Securities Limited was incorporated on 12.01.95 as a Public Ltd company under the Companies Act, 1956, at Hyderabad in the State of Andhra Pradesh, vide Registration No. 01-19200 of 1994-95. The Company obtained the Certificate of Commencement of Business pursuant to Section
149 of the Companies Act, 1956 on 17.01.1995.
Mr. A. Krishna Reddy the promoter acquired The Hyderabad Stock Exchange Membership card by transfer of membership from Late Ganesh Shankar Alshi. on 30-04-1990, for a consideration of Rs.1,00,000=00 (Rs. One Lakh). The Company has purchased the individual Membership Card of The
Hyderabad Stock Exchange Ltd from Mr. A. Krishna Reddy, promoter, for a consideration of Rs.65 lacs. The Company made an application to HSE and SEBI for conversion of the Individual Membership Card to Corporate Membership Card for which it has obtained the required permissions vide HSE letter no:HSE/93-94/1074 dt. 13.02.95 and SEBI Certificate
of Registration No: 1NB060695833 vide its letter No. SMD-II/38/95 dated 23-02-1995. The Corporate Membership will be operational from 01.04.1995, as per the HSE letter Ref:HSE:ADMN:95:1322 dt. 23.02.95. According to the letter of The Hyderabad Stock Exchange Ltd., Ref:HSE:ADMN:95:504, dated 24th April 1995, the last auctioned price of The Hyderabad Stock Exchange membership card, auctioned on 21st
January, 1995 was for Rs.65,11,122/-.
According to the agreement between Genesys Securities Limited and Mr. A. Krishna Reddy, the membership of The Hyderabad Stock Exchange Ltd. will be taken over by the Company subject to all necessary approvals from authorities concerned. Securities and Exchange Board of India, has
granted certificate of registration, to Genesys Securities Ltd., vide its letter dated 23.02.1995, Ref:SMD-II/38/95., as a stock-broker. Hence it is considered that the card has been transferred on 23.02.1995.
-company's shares have been listed on the BSE.
-Securities of the company delisted from Hyderabad Stock Exchange