Main objects for a pvt ltd finance company
This query is : Resolved
07 January 2013
Sirs
we want to incorporate a private company to do financing business. Can you please help me on what should be included in the main objects for a finance company.
Thanks in advance
Jassy
we want to incorporate a private company to do financing business. Can you please help me on what should be included in the main objects for a finance company.
Thanks in advance
Jassy
07 January 2013
Hi
Main objects of Finance and Investment Company :
1. To finance hire, purchase, requirements of buses, lorries, ships, aircrafts of all descriptions, machinery, buildings, tractors, equipments, ancillaries , etc. of the transport undertaking meaning a company, corporation or departmental undertaking which is engaged in the operations, management, repairs, maintenance, manufacture or trading of any mode of transport be it by road, sea, or air.
2. To undertake hire, purchase arrangements for the purpose of acquisition of aircrafts , ships, lorries, buses, tractors, machinery, equipment, buildings, ancillaries etc. required for the operation, maintenance and repairs of the transport undertakings as well as units involved in the manufacture, processing or storage of the spare parts connected with these units.
3. To assist the transport undertakings with long or medium term loans or subscribe to their shares capital, equity or preference, debentures or assist in other ways within the restrictions imposed by the Reserve Bank of India or any other authority under the law in force from time to time.
4. To establish or assist to establish companies or firms for undertaking work, projects or enterprises of any description whether of a private or public character in India or elsewhere and to acquire underwrite and dispose of shares and interest in any such companies or firms or in any other company to firm or in the undertakings thereof.
5. To execute directly or by the contributions or other assistance any such or other work, undertakings, projects and enterprise for any one else or on behalf of any one else either on contract agency.
6. To procure capital for any company and issue capital of such companies and to subscribe for, purchase, dispose of and otherwise deal in the shares, bonds and securities of such companies or any other securities and to invest the surplus fund of the company in inter corporate or other deposits or to provide loans to individuals, firms and corporation.
7. To receive money on deposits, current account or otherwise with or without interest and to receive and deposit title deeds and other securities and to lend money and negotiate loans of every description and transact business as capitalist, promoters and financial and monetary agents and to give any guarantee for the payment of money for the performance of any obligation or undertaking.
8. To invest in immovable property like land, buildings, flats, bungalows, row houses or acquire, improve, manage, develop all rights in respect of leasehold and freehold rights or properties and to sell and dispose of, turn to account and otherwise deal with the property of all kinds including land, buildings, patents, copy rights etc.
9. To form, promote, subsidise and assist companies, syndicates and firms and to aid municipal or other local body or company or firms or individuals with capital, credit, means or resources for the execution of any works, undertakings, projects or enterprise;
10. To carry on the business of financiers, concessionaries and merchants and to undertake and carry and execute all kinds of financial, commercial, trading and other operations.
11. To carry on the business of financing and advancing short term and long term loans and credits to individuals, companies or association of individuals by whatever name called and either on securities such as lands, buildings or part thereof, machinery, plants, chattels, vehicles, shares, debentures, government securities, stock certificates, life insurance policies and unit stock-in-trade or on guarantee or clean without securities and to finance leasing operation of all kinds.
12. To carry on business as financiers, concessionaries and merchants and the business of hire purchase in all its branches and to undertake and carry on and execute all kinds of financial, industrial, commercial, trading and other operations.
Main objects of Finance and Investment Company :
1. To finance hire, purchase, requirements of buses, lorries, ships, aircrafts of all descriptions, machinery, buildings, tractors, equipments, ancillaries , etc. of the transport undertaking meaning a company, corporation or departmental undertaking which is engaged in the operations, management, repairs, maintenance, manufacture or trading of any mode of transport be it by road, sea, or air.
2. To undertake hire, purchase arrangements for the purpose of acquisition of aircrafts , ships, lorries, buses, tractors, machinery, equipment, buildings, ancillaries etc. required for the operation, maintenance and repairs of the transport undertakings as well as units involved in the manufacture, processing or storage of the spare parts connected with these units.
3. To assist the transport undertakings with long or medium term loans or subscribe to their shares capital, equity or preference, debentures or assist in other ways within the restrictions imposed by the Reserve Bank of India or any other authority under the law in force from time to time.
4. To establish or assist to establish companies or firms for undertaking work, projects or enterprises of any description whether of a private or public character in India or elsewhere and to acquire underwrite and dispose of shares and interest in any such companies or firms or in any other company to firm or in the undertakings thereof.
5. To execute directly or by the contributions or other assistance any such or other work, undertakings, projects and enterprise for any one else or on behalf of any one else either on contract agency.
6. To procure capital for any company and issue capital of such companies and to subscribe for, purchase, dispose of and otherwise deal in the shares, bonds and securities of such companies or any other securities and to invest the surplus fund of the company in inter corporate or other deposits or to provide loans to individuals, firms and corporation.
7. To receive money on deposits, current account or otherwise with or without interest and to receive and deposit title deeds and other securities and to lend money and negotiate loans of every description and transact business as capitalist, promoters and financial and monetary agents and to give any guarantee for the payment of money for the performance of any obligation or undertaking.
8. To invest in immovable property like land, buildings, flats, bungalows, row houses or acquire, improve, manage, develop all rights in respect of leasehold and freehold rights or properties and to sell and dispose of, turn to account and otherwise deal with the property of all kinds including land, buildings, patents, copy rights etc.
9. To form, promote, subsidise and assist companies, syndicates and firms and to aid municipal or other local body or company or firms or individuals with capital, credit, means or resources for the execution of any works, undertakings, projects or enterprise;
10. To carry on the business of financiers, concessionaries and merchants and to undertake and carry and execute all kinds of financial, commercial, trading and other operations.
11. To carry on the business of financing and advancing short term and long term loans and credits to individuals, companies or association of individuals by whatever name called and either on securities such as lands, buildings or part thereof, machinery, plants, chattels, vehicles, shares, debentures, government securities, stock certificates, life insurance policies and unit stock-in-trade or on guarantee or clean without securities and to finance leasing operation of all kinds.
12. To carry on business as financiers, concessionaries and merchants and the business of hire purchase in all its branches and to undertake and carry on and execute all kinds of financial, industrial, commercial, trading and other operations.
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