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CSL Finance Ltd.

BSE: 530067 | NSE: | Series: NA | ISIN: INE718F01018 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

Dec 06, 15:40
127.50 0.55 (0.43%)
Volume
AVERAGE VOLUME
5-Day
2,594
10-Day
5,130
30-Day
6,161
2,613
  • Prev. Close

    126.95

  • Open Price

    125.15

  • Bid Price (Qty.)

    125.50 (80)

  • Offer Price (Qty.)

    128.70 (36)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

CSL Finance is not listed on NSE
Company History - CSL Finance
The Company was incorporated as a limited company on 28th December
 1992. The Company started it's functions purely as a finance company
 in Delhi after obtaining the Certificate of Commencement of Business
 on 2nd February, 1993. The Company got its SEBI registration
 certificate valid from 1st June, 1994 and started as a Category III
 Merchant Banker. The Company's activities prior to this, was mainly
 corporate advisory services including project counseling, loan
 syndication etc. The Company is professionally managed and has
 achieved its objectives systematically.  The Company has concentrated
 mainly on fulfillment of the needs of business houses by providing
 them with an expertise in
 fund raising. With the present paid-up capital of Rs. 100 lacs, the
 Company has carried on its fund based activities on its own.
 
 The Company, at the time of incorporation, was classified by the
 Registrar of Companies, NCT of Delhi & Haryana, as a Non Banking Non
 Financial Company. However, the Company has applied to Department of
 Company Affairs, New Delhi, for reclassification as Non Banking
 Financial Company and has simultaneously applied to the Reserve Bank
 Of India for registration number.
 
 The Company is, currently, engaged in the following activities:
 
 1.	Loan Syndication:
 
 The Company has already syndicated foreign currency loan worth 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 The Parasrampuria
 Group, Rajasthan Polyesters Ltd., Monnet Group, Delton Cables,
 Filament India, Rajasthan Balls & Bearings Ltd., etc. Apart from
 these the Company is legal advisor to ICICI Securities & Finance
 Company Ltd and
 public issue advisorto Filament India Ltd, Parasrampuria Texfab Ltd,
 TDT Copper Ltd.
 
 4.	Intercorporate Deposits/Bills Discounting(BD):
 
 The Company has invested Rs. 45 lacs (approximately) in ICDs from its
 own funds.
 
 5.	Stock Advisory Services:
 
 Having a good set up of research facility, the Company renders this
 service for its clients.
 
 6. Short-term Finances & Syndication of Working Capital Facility:
 
 The Company, utilising its specialisation in loan syndication
 activity, caters to the client's need in these areas as well.
 
 7.	Underwriting & Marketing of Public Issues:
 
 The Company, till date, has underwritten Public Issues to the extent
 of Rs.  38.89 lacs and has marketed the issues underwritten as well
 as other issues.
 
 MAIN OBJECTS OF THE COMPANY
 
 The main objects of the company set out in the Memorandum of
 Association of the company are as follows :-
 
 1. To carry on and undertake the business of Portfolio Managers and
 Security Analysts, Investment or Financial Consultants and Advisors
 and to act as Manager for Resident & Non-Resident Indian and for
 India & Foreign Mutual Funds, Investment Pools of Syndicate and
 Investors, whether being a Body Corporate firm or an individual.
 
 2. To carry on the business to underwrite, sub-underwrite, to invest
 in and acquire and hold sell, buy otherwise deal in shares
 debentures, debenture stocks, negotiable instruments units, bonds,
 loans obligations and securities issued or guaranteed by Indian
 and/or foreign Governments
 State dominions, sovereigns, municipalities, public authorIties or
 bodies banks, financial institutions and shares stocks debentures,
 debenture stocks, funds, obligations and securities issued and/or
 guaranteed by Government or any Company, Corporation, firm or any
 person
 anywhere in India or outside whether incorporated or not. 
 
 3. To manage public issue of securities and act as issue house,
 financial advisors, and to carry on the business of Registrars, for
 various Companies, bodies, financial institutions, banks whether
 incorporated in India or outside India and to make financial
 arrangements from banks, financial institutions, mutual funds, body
 corporates, firms or individual. 
 
 4. To act as stock and share brokers for primary & secondary market
 operations and finance brokers and to be members in one or more stock
 exchanges/OTC exchanges anywhere in India or outside India and to act
 as sub-brokers of one or more brokers of one or more stock exchanges
 anywhere in India or outside India and to deal in foreign currencies
 as authorised dealers with the permission of the Reserve Bank of
 India.  
 
 5. Sharehoiders of the Company Passed a Special Resolution on 20th
 March, 1993 fortaking the Business from other objects given in sub-
 clause 47 of clause (Ill) C of the Memorandum of Association as
 under:
 To carry on the Business of a leasing and hire purchase Company and
 to acquire, to provide on lease or to be provided on hire purchase
 basis all types of Individual and office plants, Equipments,
 Machinery, Vehicles, Buildings and Real Estate Required for
 manufacturing, processing, transportation and trading business and
 other commercial
 and service business. 
 
 SUBSIDIARY COMPANIES
 
 The company does not have any subsidiary.
 
 COMPANIES UNDER THE SAME MANAGEMENT
 
 There are no companies under the same management within the meaning
 of Section 370(1-B) of the Companies Act, 1956.
 
 2005
 
 -Chartered Capital & Investment Ltd (Manager to the Offer) on behalf
 of the Mundra Credit & Investment Pvt Ltd (Acquirer), pursuant to
 Regulation 10 read with the Regulation 12 of Securities & Exchange
 Board of India (Substantial Acquisition of Shares & Takeovers)
 Regulations 1997 (SEBI (SAST) Regulations, 1997) and subsequent
 amendments thereto has announced as below:
 
 The Offer:
 
 The Acquirer is making an Open Offer in terms of the SEBI (SAST)
 Regulations, 1997 to the shareholders of Consolidated Securities Ltd
 (Target Company) to acquire 8,00,760 equity shares of Rs 10/- each
 representing 20% of the total issued, subscribed, paid-up and voting
 share capital of the Target Company at a price of Rs 4/- per fully
 paid equity share (Offer Price), payable in cash subject to the terms
 and conditions.
 
 2006
 
 - Consolidated Securities - Acquisition of shares of Asian Oilfield
 Services.
 
 2012
 -Board Of Directors of the Company at its meeting held on January 03,
 2012, have allotted 3,00,000 (Three Lacs) Equity Shares of Rs. 10/-
 each.
 
 2013
 -Mr. Akash Gupta,has been appointed as the Company Secretary &
 Compliance Officer of the Company.
 
 2016
 -The name of the company has changed from 'Consolidated Securities
 Limited' to 'CSL Finance Limited'.
 
 -The registered office of the Company shifted from 8/19, 3rd Floor,
 W.E.A., Pusa Lane, Karol Bagh, New Delhi-110005 to 8/19, Ground Floor
 & Basement, W.E.A., Pusa Lane, Karol Bagh, New Delhi-110005.