21ST CENTURY MGMT SERVICE Share price

The Company was incorporated in March 1986 mainly forundertaking Computer related consultancy services and todevelop software for stock broking activity and to cater toinhouse requirements. Later the Company also undertookcommodity trading for a brief period. In Mid 1990 theCompany decided to shift its focus to Financial Servicesand related activities. The Company was more active in theCapital Market and Inter Market transactions. In 1991 theCompany decided to diversify info other financial servicesand applied for category Ill Merchant Banking registrationwith SEBI and obtained the same on 4th February 1992. TheCompany was later upgraded as a Category I Merchant Bankerby SEBI on 12th August 1992.The Company has so far Lead Managed 33 Issues and has beenassociated in other capacities in 14 Issues. In November1992 the Company was registered as a dealer on OTC exchangeand obtained membership of National Stock Exchange inJanuary 1994 for Wholesale Debt Markets. The Companyobtained membership of the NSE in May 1994 for CapitalMarkets. The Company got itself upgraded on the OTCExchange from dealership to Sponsorship in June 1994.Mr. Sundar Iyer who is one of the Promoter Directors has aresearch facility in the name and style of "SYNTHESIS" awell established outfit having a database of over 2000companies and employing more than 20 professionals. TheCompany has a direct access to this research facility andalso to the services of the professionals employed at theresearch outfit for which no consideration is paid by theCompany.The Company also has a publication division. It brings outa Monthly newsletter styled Index 21 which covers news ofthe state of the Economy news of Corporate Sector Policiesand Guidelines of the Government and other importantregulatory bodies news on the Stock market and suggestionon scrips to watch for possible investment.The Company has already opened offices in CoimbatoreBaroda and Hyderabad. This has enabled the Company to havea dispersed geographical presence. The Company startedCorporate Finance Division mainly to deploy its short termsurplus funds in various money market instruments/avenues.It also undertakes leasing activity selectively.The Company acquired P. Parbhulal & Co. Pvt. Ltd. whosename was changed to Twentyfirst Century Shares andSecurities Ltd. MAIN OBJECTS OF THE COMPANYThe Main objects of the Company are as set out in theMemorandum of Association of the Company and include interalia the following:(1) To act as Registrar managers issue house promotersconsultants advisors transfer agents brokersunderwriters to companies and business houses in the matterof issue forfeiture subdivision consolidation of sharesstocks bonds debentures fixed deposits and othersecurities and to render all connected services therewith.(2) To acquire by purchase hire lease import or rentbuy sell let on hire lease exchange alter Improvemanipulate or otherwise deal in computer hardware computersoftware computer stationary and consumables and to carryon the business of computer consultants electronic dataprocessing system analysis software development computerassociated and/or aided training programmes relating to anyof the matters in the aforesaid areas and to renderinformation and management services by setting up databanks information centers and reference libraries.(3) To carry on the business of consultants and advisorsfor industries business houses offices companiesindividuals engaged in business or profession on all mattersrelating to industry management technology engineeringfinance investment accounting auditing projectmanagement production storage distribution publicitypersonnel construction tax law requirement marketingimports exports research and computerisation of any orall of their operations.The members of the Company vide Special Resolution at theextra ordinary general meeting held on 12th December 1991have authorised the Company to carry on the followingactivities which are listed in the other objects clause ofthe Memorandum of Association.(1) To carry on the business of an Investment Company andto buy underwrite invest acquire hold and deal inshares debentures debenture-stock bonds obligations andsecurities issued or guaranteed by any company constitutedor carrying on business in India or elsewhere anddebentures debenture-stock bonds obligations andsecurities issued or guaranteed by any Government StateDominions Sovereign rulers commissioners public body orauthority Supreme Municipal local or otherwise firm orperson whether in India or elsewhere.(2) To carry on and undertake the business of Hire HirePurchase deferred payments leasing and to finance andassist in financing lease operation of all and every kindincluding movable and immovable properties.(3) To draw make accept discount execute and issuebills of exchange promissory note bill of ladingwarrants debentures and other negotiable or transferableinstruments or securities.