NETTLINX Share price

Northeast Securities Limited was incorporated on 25-1-1994 atHyderabad in the state of Andhra Pradesh vide RegistrationNo.01-16930 of 1993-94. The company also obtained theCertificate of Commencement of Business pursuant to Section 149of the Companies Act 1956 on 31-1-1994. Immediately afterreceipt of the Certificate of Commencement of Business thecompany commenced its operations of Leasing Short-term lendingand Stock Market operations from 1-2-1994. The promoters havealready brought in Rs.140.00 lakhs by 1-7-1994 and deployed themas follows: (Rs. in lakhs)1. Leasing 20.002. Inter Corporate Deposits 70.003. Stock Market operations 50.00 140.00MAIN OBJECTS OF THE COMPANYThe main objects of the company as set out in its Memorandum ofAssociation are as follows :-1. To carry on investments and deal/trade in sharesdebentures debenture-stock bonds mortgages obligationsstocks units notes warrants participation certificatesGovernment and Quasi-Government debt/equity depositcertificates warrants exim scrips or any other instrumentwhether or not transferable or negotiable commercial or otherpaper or scrips (hereinafter collectively referred to assecurities) to act as agents of and/or dealers in the securitiesto act as financial consultants managers and counsellers ininvestment and capital markets to issue guarantees or to giveany other commitments for subscribing or agreeing to subscribeor agree to procure subscription for the securities to manageportfolio investments to provide financial and investmentassistance for the purposes herein to act as agents andpurchasers for or of any of the securities to acquire and holdone or more memberships in stock/security exchanges tradeassociations commodity exchanges clearing houses orassociations or otherwise in India or any part of the world toact as brokers dealers and agents in connection with thesecurities bullions and precious metals currency or others tosyndicate any financial arrangements whether in the domesticmarket or in the international market and whether by way ofloans or guarantees or export and yard credits to arrange/extendsuppliers credits Cross Border Leases counter trade and toacquire and hold membership in any association of bankersmerchant bankers insurance companies brokers security dealersor commodity dealers or any other association will or is likelyin any way to facilitate the conduct of the Company''s business toundertake work of factoring of bills and other commercial papersand to arrange and/or coordinate documentation and negotiationin this regard both in the domestic and international market.2. To receive money on deposit at interest or otherwise forfixed period and to lend money on any terms that may be thoughtfit in particular to the customers or other personscorporations companies whether falling under the sameManagement or otherwise in accordance with and to the extentpermissible under the provisions of the Companies Act 1956 withor without Security and all such terms and conditions as may bedetermined from time to time. However the company shall notcarry on any business of banking as defined by the BankingRegulation Act 1949.3. To carry on and undertake the business of financeinvestment trading hire purchase leasing finance leaseoperations and hire purchase of all kinds purchasing hiring orletting on hire all kinds of plant and machinery and equipmentthat the Company may think fit to subsidise finance or assistin subsidising or financing the sale and maintenance of anygoods articles or commodities upon any terms whatsoever topurchase or otherwise deal in all forms of all immovable andmovable property including lands and buildings plant andmachinery equipment ships aircraft automobiles computersand all consumer commercial and industrial items and to leaseor otherwise deal with them in any manner whatsoever includingresale thereof regardless of whether the property purchased benew and/or used.4. To provide a package of investment/merchant banking servicesby acting as Managers to Public Issue of securities byunderwriting securities act as issue house and to carry on thebusiness of Registrars to investment schemes.5. To act as administrators or managers of any investmenttrusts or funds including any growth funds income or capitalfunds offshore fund taxable tax-exempt funds providentfunds pension funds gratuity funds superannuation fundscharitable funds and Unit Trusts or consortium to act astrustees for bond holders debenture holders and other purposesherein mentioned and manage Investment Pools individualinvestments of NRIs Foreign Institutional investors issues ofSecurities and other negotiable instruments.6. To undertake trading/dealing in foreign exchange (in allmarkets both domestic and international) and to conduct anyother activities related to these markets.