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GSL Securities Ltd. Company History and Annual Growth Details

The Company was incorporated as a Public Limited Company on
March 29, 1994, as GSL Securities Limited u/s (3) of the
Companies Act, 1956. The Company obtained the Certificate
for the Commencement of Business on May 3, 1994.

The Company has since then undertaken business activities
mainly in the area of Capital Market Investments and short
term financing. The Company intends to broadbase its
operations by diversifying into other services like
Leasing, Hire-Purchase, etc.

The Company is a Non Banking Financial Services Company and
was incorporated with the main objective of pursuing the
business of Financial Services like Leasing, Hire Purchase,
Financial Consultancy, Bill Discounting, Stock Broking,
Investments, etc. Given the emerging opportunities in the
Capital and Money Market the company wishes to expand its
operations.

RBI vide its letter dated 8.12.94 has classified the Company
in the Category of an Investment Company as defined in para
2(1)(i) of our Notification DNBC No.38/DG(H)-77
DNBC-39/DG(H)-77 dated 20th June, 1977.

2. MAIN OBJECTS

The Main Object of the Company as set out in the Memorandum
of Association is as under:

1) To carry on the business of finance, to finance the
industrial enterprises, deferred payments, credits leasing,
hire purchase, hiring or leasing and for that arrangement of
purchasing and selling of plant and Machinery, equipments
or other assets and bill discounting, stock broking and
other financial and allied activities and to act as an
investment company and for this purpose to invest money of
the company to acquire, purchase, sell, exchange, subscribe
for hold and otherwise dispose off and deal in any shares,
debentures, bonds, stock, commercial papers notes, units,
securities, immovable mortgages, obligation including any
rights privileges or advantages therein.

2) To carry on the business of Merchant Banking and
portfolio management subject to securities and exchange
Board of India (Merchant Banking) Rules and Regulation 1992
and such other approval as may be required from other
authorities subject to compliance of any other law in this
regard but not to carry on all or any part of Banking
business as contemplated by the Reserve Bank of India
Act/Banking Regulation Act, 1949.

2008
- E-mail ID for Investors Complaints:[email protected].

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