Main Object Of SHARE AND STOCK BROKERS Company

Main Object Of SHARE AND STOCK BROKERS Company

1. To carry on the business of stock brokers, sharebrokers, investment brokers, insurance brokers,

underwriters and to carry out brokerage of all and every kind whatsoever.

2. To negotiate, buy, sell, transfer, hypothecate, deal in and otherwise dispose of any shares, stocks, securities, certificates, debentures, whether perpetual or redeemable debentures, stocks, properties, units and bonds of any Government, local authority, Government undertaking, company or any body corporate and subject to the provisions of the Banking Regulations Act, 1949 to receive money, deposits on interest or otherwise and to negotiate and lend money with or without security to such companies, firms or persons and on such conditions as may seem expedient and to guarantee the performance of contracts by any person, companies or firms provided that the company shall not carry on the business of banking as provided in the Banking Regulations Act, 1949.

3. To act as a member of National Stock Exchange, OTC Exchange of India or any other recognised Stock Exchange(s) in India or elsewhere, and to render all such services as may be provided by a stock broker and to do such things as may be incidental thereto.

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