CSL Finance Share price

The Company was incorporated as a limited company on 28thDecember 1992. The Company started it''s functions purely asa finance company in Delhi after obtaining the Certificateof Commencement of Business on 2nd February 1993. TheCompany got its SEBI registration certificate valid from1st June 1994 and started as a Category III MerchantBanker. The Company''s activities prior to this was mainlycorporate advisory services including project counselingloan syndication etc. The Company is professionally managedand has achieved its objectives systematically. TheCompany has concentrated mainly on fulfillment of the needsof business houses by providing them with an expertise infund raising. With the present paid-up capital of Rs. 100lacs the Company has carried on its fund based activitieson its own.The Company at the time of incorporation was classifiedby the Registrar of Companies NCT of Delhi & Haryana as aNon Banking Non Financial Company. However the Company hasapplied to Department of Company Affairs New Delhi forreclassification as Non Banking Financial Company and hassimultaneously applied to the Reserve Bank Of India forregistration number.The Company is currently engaged in the following activities:1.Loan Syndication:The Company has already syndicated foreign currency loanworth Rs. 2900 lacs and Rupee loan worth Rs. 2000 lacs.2.Leasing:The Company has lease portfolio totalling Rs. 26 lacs.3.Corporate Advisory Services:The list of clients under this category includes TheParasrampuria Group Rajasthan Polyesters Ltd. MonnetGroup Delton Cables Filament India Rajasthan Balls &Bearings Ltd. etc. Apart from these the Company is legaladvisor to ICICI Securities & Finance Company Ltd andpublic issue advisorto Filament India Ltd ParasrampuriaTexfab Ltd TDT Copper Ltd.4.Intercorporate Deposits/Bills Discounting(BD):The Company has invested Rs. 45 lacs (approximately) inICDs from its own funds.5.Stock Advisory Services:Having a good set up of research facility the Companyrenders this service for its clients.6. Short-term Finances & Syndication of Working CapitalFacility:The Company utilising its specialisation in loansyndication activity caters to the client''s need in theseareas as well.7.Underwriting & Marketing of Public Issues:The Company till date has underwritten Public Issues tothe extent of Rs. 38.89 lacs and has marketed the issuesunderwritten as well as other issues.MAIN OBJECTS OF THE COMPANYThe main objects of the company set out in the Memorandumof Association of the company are as follows :-1. To carry on and undertake the business of PortfolioManagers and Security Analysts Investment or FinancialConsultants and Advisors and to act as Manager for Resident& Non-Resident Indian and for India & Foreign Mutual FundsInvestment Pools of Syndicate and Investors whether beinga Body Corporate firm or an individual.2. To carry on the business to underwrite sub-underwrIteto invest in and acquire and hold sell buy otherwise dealin shares debentures debenture stocks negotiableinstruments units bonds loans obligations and securitiesissued or guaranteed by Indian and/or foreign GovernmentsState dominions sovereigns municipalities publicauthorIties or bodies banks financial institutions andshares stocks debentures debenture stocks fundsobligations and securities issued and/or guaranteed byGovernment or any Company Corporation firm or any personanywhere in India or outside whether incorporated or not.3. To manage public issue of securities and act as issuehouse financial advisors and to carry on the business ofRegistrars for various Companies bodies financialinstitutions banks whether incorporated in India oroutside India and to make financial arrangements frombanks financial institutions mutual funds bodycorporates firms or individual.4. To act as stock and share brokers for primary &secondary market operations and finance brokers and to bemembers in one or more stock exchanges/OTC exchangesanywhere in India or outside India and to act as sub-brokersof one or more brokers of one or more stock exchangesanywhere in India or outside India and to deal in foreigncurrencies as authorised dealers with the permission of theReserve Bank of India. 5. Sharehoiders of the CompanyPassed a Special Resolution on 20th March 1993 fortakingthe Business from other objects given in sub- clause 47 ofclause (Ill) C of the Memorandum of Association as under:"To carry on the Business of a leasing and hire purchaseCompany and to acquire to provide on lease or to beprovided on hire purchase basis all types of Individual andoffice plants Equipments Machinery Vehicles Buildingsand Real Estate Required for manufacturing processingtransportation and trading business and other commercialand service business." SUBSIDIARY COMPANIESThe company does not have any subsidiary.COMPANIES UNDER THE SAME MANAGEMENTThere are no companies under the same management within themeaning of Section 370(1-B) of the Companies Act 1956.