JINDAL LEASEFIN Share price

JINDAL LEASEFIN LIMITED (JLL) was incorporated on 27-05-1994 asa public limited company under the Companies Act 1956 andregistered with the Registrar of Companies Delhi and Haryana atDelhi. The company became entitled to commence business on11-07-1994 pursuant to Certificate for Commencement of Businessissued by the registrar of Companies Delhi and Haryana at Delhiand commenced business soon thereafter.The company proposes to start the business of Leasing BillDiscounting Loan Syndication Investment & Trading in sharesand securities.The promoters do not have any listed Company within the group.The promoters'' ventures that are in the similar line of businessdo not enjoy any credit facilities from the banks. Thepromoters intended that it would be this Company that would inthe near future seek bank finance after the Public Issueenabling it to have greater access in the market.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as stated in the Memorandum ofAssociation of the Company include inter alia.1. To undertake and carry on the business of Equipment LeasingLeasing of Immovable and movable properties of all kinds anddescription and rights title and interest therein and Leasing ofall kinds of goods and articles Land Building Plant andMachinery Vehicles Ships Vessels Air-Crafts appliances andcomputers whether required for domestic industrial orcommercial use or for any other purpose whatsoever.2. To carry on the business of Buying Selling Leasing Lettingon Hire-Purchase or on easy payment system house hold andoffice furniture domestic industrial and business appliancescomputers plants machinery vehicles and any other equipments.3. To draw make accept endorse discount purchase salenegotiate executive and Issue Bills of Exchange PromissoryNotes Bills of Lading Letters of Credit Commercial PaperDebentures and such other negotiable or transferable instrumentsor securities of all kinds.4. To carry on the business of Financers such as providingBridge Loans Inter corporate Deposits Funding for projects andto act as financers by way of Loaning Lending and advancingmoney to individuals firms companies corporates and any otherperson for domestic industrial individual commercial andsuch other enterprises of all types.5. To manage public issues and to supervise and organise otherpublic Issue related work and to render all type of consultancyassistance and liaison work for bank finance portfoliomanagement and other activities relating to financial planning. 6. To carry on the business of a company establishing with theobject of financing industrial or other enterprises to promotecompanies engaged in the industrial and trading activities togive loan provide guarantees and provide securities to anyother company or other persons whether promoted and or managedby the company or not and to carry on the business as financiersfor that purpose and to give and take loans with or withoutsecurities and on such terms and conditions as the company deemfit to any person/persons to enable them to purchase either bythemselves or jointly with other person/persons to acquire ortake over with or without consideration and or carry on thebusiness of financial and investment advisors and managementconsultants by themselves or the partners of the other companiesor persons.7. To assist in getting finance and entering into Joint Venturetransactions for industries Industrial Houses and Exportersmanufacturers traders and any other persons.8. To borrow raise or secure the payment of money or to raiseor accept money under Portfolio management schemes or to receivemoney or deposit at interest for any of the purposes of thecompany and at such time or times as may be deemed fit bypromisory notes by taking credits in or opening currentaccounts with nay person firms bank company or financialinstitutions and whether with or without any security or by suchother means as the directors deem expedient and in particular byIssue of debentures and stock prepetual or otherwise as securityfor any such money so borrowed raised and received.Note: At the extra ordinary general meeting of the company heldon 20th of August 1994 shareholders of the Company passed thefollowing resolution:i) To Buy Sell deal in Shares and Securities Gold SilverCotton Jute Hessian Oil Oil Seeds and hold them as permittedunder the raw from time to time in force.ii) To acquire and hold shares stocks debentures debenturesstocks bonds obligations and securities issued or guaranteedby any company constituted or carrying on business in theRepublic of India or elsewhere any debentures debenture stocksbonds obligations and securities issued or guaranteed by anygovernment soverign ruler commissioners public body orauthority supreme municipal local or otherwise whether athome or abroad to acquire any such shares stocks debenturesdebenture stocks obligations or securities by originalsubscription tender purchase exchange or otherwise andsubscribe for the same either conditionally or otherwise and toguarantee the subscription thereof and of exercise and enforceall rights and powers conferred or incidental to the ownershipthereof to Issue shares debenture stocks bonds obligationsand securities of all kinds and to frame constitute and securethe same as may deem expedient with full power to make thesame transferable by delivery or by instrument of transfer orotherwise and either perpetual or terminable and eitherredeemable or otherwise and to charge or secure the same bytrust deed or otherwise on the undertaking of the Company ofupon and specific property and rights present and future of thecompany (including if thought fit uncalled capital) orotherwise however to export import buy sell barterexchange pledge make advance upon invest in and otherwise dealin gold silver bullion stocks shares securities of all kindsand description.(iii) To carry on and undertake the business of portfolioinvestments in equity Shares preference shares stocksdebentures Bonds Units Company deposits and to deal inGovernment securities including Bonds Units Loans NationalSaving Certificates Post Office Saving Scheme.SUBSIDIARY OF THE COMPANYThe company does not have any subsidiary as on date.