The Company has been incorporated on 26th April, 1994 as a
 Public Limited Company in the State of Maharashtra and has
 obtained Certificate for Commencement of Business on 9th
 May, 1994.  The company has been incorporated with the main
 object to carry on the business of Sharebroking, Investment
 advising, financial services etc.  The Company has been
 shortlisted for the Corporate Membership of Bombay Stock
 Exchange.  The company is currently engaged in creating the
 infrastructure for the starting up of business of
 sharebroking and allied activities.
 
 MAIN OBJECTS OF THE COMPANY
 
 The main objects of the company as per its Memorandum and
 Articles of Association are given below.
 
 1. To carry on the business as the finance Company and
 advance money to any person, firm or body corporate and to
 receive money on deposit or loan and to carry on business
 as financiers, factors and to undertake and carry on
 execute all kinds of financial operations but the company
 shall not carry on banking business in the Banking
 Regulation Act, 1949.
 
 2. To carry on the business of an Investment Company and
 for that purpose to invest, acquire, underwrite, subscribe
 for, hold shares, bonds, stocks, securities, debentures,
 debenture stock issued or guaranteed by any company
 constituted and carrying on business in India or elsewhere,
 any government, state, dominions sovereign, Central or
 Provincial Commissioner, Port Trust, Public Body or
 authority, Supreme, municipal local or otherwise whether in
 India or elsewhere and to apply for membership of
 recognized stock exchange and to act as broker, sub broker,
 underwriter, issue house, Registrars, Lead Managers &
 activities of Financial Services.
 
 As per the advise of Bombay StockExchange, the company has
 passed the special resolution, subject to the confirmation
 by the Company Law Board, for amending the main object
 clause of its Memorandum of Association, at the Extra
 Ordinary General Meeting held on 12th November 1994.  The
 Company has, on 21st December 1994, filed the petition
 under section 17 of the Companies Act 1956 for confirmation
 of the said amendment by the Company Law Board.  As per the
 special resolution sub clauses 1(a) and 1(b) have been
 inserted as under :
 
 1 (a) So long as the company is engaged in, stockbroking as
 a member of any recognised stock exchange in India, it will
 engage itself in only such business as a member of a
 recognised stock exchange is permitted to be engaged in
 under the Securities and Contracts (Regulations) Rules 1957
 and the Rules, Byelaws and Regulations of the Stuck
 Exchanges.  Subject to the foregoing, the objects for which
 the company is established are :
 
 1 (b) To undertake and pursue the business as Share and
 Stock Brokers, Dealers, Underwriters, Subunderwriters,
 Market Makers in, Stocks, Shares, Debentures, Bonds,
 Foreign Exchange, Units of Unit Trust of India and other
 Mutual funds, in other securities of Joint Stock Companies
 and in Public Sector, Private Sector, Central Government,
 State Government, Corporations, Quasi Government
 undertakings, autonomous corporations or other undertakings
 of Central and State Government, Banks, Insurance Companies
 and any other Securities of whatever nature which may be
 offered to the public or for private subscription or any
 other line of activity which may be combined to achieve
 aforesaid objectives of the Company.
 
 The existing sub clause 1 and 2 have been renumbered as sub
 clause 2(a) and 2(b) in the Main Object Clause.
 
 The Company is a part of GAZI GROUP OF COMPANIES.  The
 group shall be involved in Share and Stock Broking
 activities on Bombay Stock Exchange and National Stock
 Exchange.
 
 SUBSIDIARY OF THE COMPANY
 
 The company has no subsidiaries.