SG Finserve Share price

MOONGIPA SECURITIES LTD (MSL) was incorporated on March 181994 as Moongipa Securities Private Ltd. with the mainobject of undertaking share and stock broking andinvestment business. The Company got the fresh Certificateof incorporation consequent upon change of name onconversion to Public Limited Company on November 301995.The Company is a corporate member of the Delhi StockExchange Association Limited vide its letter dated May 241995. The Delhi Stock Exchange membership has been acquiredfrom S.C. Mangal & Co for a consideration of Rs. 33.55Lacs. The Company is also registered with SEBI as a brokerof Delhi Stock Exchange Association Ltd. and has beenallotted registration No. INB050719332 vide letter datedMay 16 1995.The Company had an offer for Trading Membership in theCapital market Segment of the National Stock Exchange (NSE)on a provisional basis vide their letter dated August 71995. This was subject to the Company fulfiling all theterms & conditions of the National Stock Exchange anddepositing the requisite fee for membership and securitydeposit.The Company received a letter from the National StockExchange of India Limited NSE/MEM/0593 dated February 51996 advising them to deposit the fee/deposit and submitother documents as required within three weeks of theletter. Pursuant to the letter the Company deposited Rs56.02 Lacs with the National Stock Exchange of IndiaLimited.The Company has been granted registration as a tradingmember of the Capital market segment of National StockExchange vide their letter no. : NSE/MEM/CM/0221 dated May27 1996 and has also been alloted registration no. INB230719335 by SEBI vide their letter dated May 20 1996 asbroker of National Stock Exchange of India Limited.The Company has commenced business operations in Trading ofShares on the Delhi Stock Exchange and has also commencedPublic Issue underwriting with affect from April 1 1996.REQUIREMENTS FOR ACTIVATION ON NEAT SYSTEMIn terms of Letter No. NSE/MEM/CM/0221 dated May 27 1996from the National Stock Exchange of India Ltd. the Companyis required to comply with the following requirements foractivation on NEAT system:1. Open Clearing bank account with the designated branch ofCanara Bank and submit the account number and a documentaryreference thereof.2. Open two more bank accounts for (a) Client Money and(b) other business purposes and submit the account numbersand documentary reference thereof.3. Application form for Insurance cover duly filled to besubmitted to NSE.4. Demand Draft/Cheque payable at Bombay for the amount ofpremium in favour of Oriental Insurance Company Ltd. tobe submitted to NSE or The Oriental Insurance CompanyLtd. under advice to NSE.5. Submit a Letter to the Central Excise Office.6. Application form for approval as User on the Company''sletterhead. (Maximum 2 User''s)7. Submit Bank Guarantee/Security Deposit/Interest FreeCash Deposit as advised in NSE Circulars MEM-011 datedDecember 20 1995 & MEM-00025 dated March 19 1996 sentvide our letter dated May 17 1996.8. Submit Undertakings/other documents as given in theAnnexure to National Clearing Corporation Ltd. (NCCL).These documents may be submitted to NCCL directly.9. Provide details of Assets Investments as on date of Networth Certificate previously submitted by the Company orthe Balance Sheet as on 31st March 1996.10. Submit the VSAT Undertaking duly notarised.Compliance StatusThe Company has already submitted the VSAT undertaking dulynotarised and shall comply with all other requirements foractivation on NEAT system.