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Rich Universe Network > Company History > Finance - Leasing & Hire Purchase > Company History of Rich Universe Network - BSE: 530271, NSE: N.A
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Rich Universe Network

BSE: 530271|ISIN: INE652D01014|SECTOR: Finance - Leasing & Hire Purchase
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Company History - Rich Universe Network
BRIEF HISTORY OF THE COMPANY
 
 The company was originally incorporated as Rich Hire 
 Purchase Ltd.  on 16th July, 1990 and Certificate of 
 Commencement was obtained on 21.8.90.  The name of the 
 company was subsequently changed to Rich Capital & Financial 
 Services Ltd in terms of Special Resolution passed at 
 Extra-Ordinary General Meeting held on 18.9.93 and a fresh 
 certificate of incorporation was issued on 4.10.1993.  The 
 company has completed 4 years of operation.  Its main 
 activities have been leasing hire purchase and portfolio 
 investment.
 
 The company is engaged in the business of hire purchase, 
 leasing and finance since its incorporation.  The company has 
 also been engaged in giving loans against securities.  The 
 company is also engaged in trading of securities.
 
 MAIN OBJECTS OF THE COMPANY
 
 The main objects to be pursued by the Company on its 
 incorporation are
 
 1. To carry on all or any of the business of or usually 
 carried on by Hire Purchase Companies for domestic articles, 
 motor vehicles and to lend money (not amounting to banking 
 business) on personal security or on the security of 
 leasehold and freehold land and advance money to persons 
 firm or companies and upon such terms and conditions as may 
 seem expedient, subject to Money Lending Act and subject to 
 directives of RBI.
 
 2. To do business of financiers subject to the Banking 
 Regulation Act 1949 and to invest subscribe for acquire, 
 buy, sell, underwrite hypothecate, deal in and dispose of 
 any shares bonds, certificates, receipts ,properties.  The 
 Company shall also not carry on any activity prohibited 
 under Prize, Chits & Money Circulation Scheme (Banking) Act, 
 1978.
 
 PRESENT BUSINESS OF THE COMPANY
 
 The Company is a Non-Banking Financial Company (NBFC) 
 presently engaged in the business of providing lease & hire 
 purchase finance loans & advances, and trading of 
 securities.  The company has been into operations since 1990 
 and has been actively involved in hire purchase and lease 
 finance.  The hire purchase stock of the company was 3.19 
 lakhs, 1.96 lakhs, 1.61 lakhs and 1.61 lakhs in 
 1992,1993,1994 and on 30th September1994 respectively.  The 
 leased assets of the company were 20.00 lakhs in 1994 and 
 25.35 lakhs as on 30th September 1994.The company is also 
 engaged in providing loans against securities.The loans 
 against securities were 10.44 lakhs, 9.91 lakhs, 38.35 lakhs 
 and 104.33 lakhs in 1992, 1993, 1994 and as on 30th 
 September 1994 respectively.
 
 SUBSIDIARIES
 
 The Company has no subsidiary at present.
 
 2011
 
 -Company has changed its name from Rich Capital And Financial
 Services Ltd. to Rich Universe Network Ltd.   
 
 2014
 
 -Rich Universe Network Ltd has been appointed as Company Secretary
 cum Compliance Officer of the company.        
 
 
 
                         
 
 
Source : Dion Global Solutions Limited
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