The Company was originally incorporated as a Private Limited Company on 20.02.1989 as Baid & Company Private Limited under the Companies Act, 1956. The Company became a Public Limited Company by passing a special resolution on 04.03.93 in terms of Section 44 of the Companies Act, 1956 and received fresh Certificate of Incorporation on 13.06.1994. The name of the Company was changed to Global Capital Markets Limited and fresh Certificate of Incorporation consequent to change of name was received on 28.06.1994. B. MAIN OBJECTS OF THE COMPANY The main objects of the Company as set out in the Memorandum & Articles of Association of the Company inter-alia are as follows : 1. To carry on any business of buyers, sellers, suppliers, traders, merchants, importers, exporters, indentors, brokers, agents, assemblers, packers, stockist, distributors and dealers of and in hardware & stores, spare & accessories, commercial, natural and man-made fibres, textiles of all kinds, all types of yarn, jute and jute products, chemicals, building materials, vehicle parts, automobile parts, machine parts, industrial components, plastics and electronic parts & devices, bullion, precious stone works of art, antique, curious jewellery and ornaments and in all kinds of machinery and accessories. 2. To carry, acquire by purchase, lease, exchange, hire or otherwise estates, lands, hereditaments, buildings workshops, office accommodations, factories, easements, forests, orchards, gardens, farms, or other interests in real estate & to sell, let, lease, sub-lease or otherwise dispose of and to grant rights over any real property belonging to the Company. To construct, let out, furnish and carry on all or any of the functions of proprietors of flats, massionettes, dewelling houses, shops, affairs, clubs and for these purposes prepare building sites and to construct, reconstruct, repair, pull down, alter, improve, decorate, furnish and maintain flats, massionettes, dewelling houses, shops, offices, buildings, works and sanitary conveniences of all kinds and to set apart land for pleasure gardens and recreations ground or otherwise improve the land or any part thereof. 3. To construct thereon buildings flats, rooms, houses, and to manage or let the same or any part thereof for any period whether belonging to the Company or not, and at such rent and on such terms and conditions as the Company shall think fit, proper and convenient, and to collect rents and income, drainage, water and electric charges, and charges for the supply to tenants and occupiers and others light, heat and drainage and charges for the refreshments, attendents, messengers and for equipping waiting-rooms, reading rooms, meeting rooms, providing thereon lavatories, bathhouses, laundry, conveniences, to install electric conveniences, garages, recreation facilities and other amenities, from time to time, as and when the Company shall consider, desirable, or to arrange such management, letting and advantages as aforesaid by employing any persons, firms or company to carry out and furnish the same on such terms as the Company may think fit, proper and expedient. The Directors of the Company have passed a resolution in the Board Meeting held on 13.04.90 to carry out the activities as authorised by its other objects enumerated below: Clause III(C)(14) To carry on the business of Investment Company and to invest in and acquire and hold and otherwise deal in shares, stocks, debentures, bonds obligations and securities issued or guaranteed by any Company constituted or carrying on business in India or elsewhere and debentures, stocks, bonds, obligations and securities issued or guaranteed by any Government, State dominion, sovereign, ruler, public-body or authority, municipal, local or otherwise, whether in India or elsewhere. Clause III(C)(15) Subject to the provision of the Act and direction issued by RBI to carry on any business of financiers of industrial, commercial and other enterprises and general financiers, business of leasing, film financiers, trustees, real estate owners, landlords, real estate agents, builders, underwriters, merchant bankers, guarantors, hire-purchase dealers, investors, promoters and brokers and dealers of and in share, stock, debentures, securities, bonds, obligations claims, licenses and charges, land, building, houses, easements, negotiable instruments, decrees, concerns, warehouses, property, and rights of all kinds, agricultural land, farms, gardens lates, showroom, office, residential units, ships and godowns, business of insurance agents, trust company, safe deposit company and such other business and acts, required in connection therewith and to receive on deposit or borrow and raise money provided that the Company shall not carry on the business of Banking as defined under the Banking Act, 1949. C. PRESENT BUSINESS OF THE COMPANY Presently the Company is engaged in the business of investment in shares & securities, leasing and short term loans. 1. Leasing Leasing industry is gaining acceptance as an alternative source of financing of plant & machinery, etc. In view of the government policy of liberalisation and its recent decision of extending MODVAT benefit to the capital goods taken on lease, the demand of leasing is expected to increase substantially. The Company took up this activity in the year 1993-94. It is providing lease finance mainly for high value equipments, vehicles and plant & machinery to its clients. Its gross outstanding leased assets as on 31-03-94 stood at Rs. 22.59 Lacs. 2. Investment in Shares & Securities The Company is carrying on the business of investment in shares & securities for last five years. The investment activities of the Company have borne fruitful results and the Company has earned Rs.11.48 Lacs for the year ended 31st March, 1994 on an investment of Rs.58.41 Lacs. The company plans its buying and selling decisions with the help of a team of qualified professionals on the basis of fundamental and technical analysis of the companies at periodic intervals. Also, the company makes purchases and sales on behalf of its clients. Income from Capital Market Operations was 32% of the total income for the year ended 31 03-94. 3. Other Financial Services The other sources of income are from advisory services interest on short-term loans given by the Company. The Company advises clients on stock market related activities. SUBSIDIARY OF THE COMPANY The Company has no subsidiary at present. 1995 -Global Capital Market pays dividend @ 15% 2010 -Global Capital Markets the face value splits from Rs. 10/- each to Re. 1/- each. 2011 -Mr. Shrenik Choraria has been appointed as Compliance Officer of the Company. -Company has changed its name from Global Capital Markets Ltd. to Global Capital Market & Infrastructures Ltd. 2013 -Company has Consolidates its Face value of Shares from Rs 1 to Rs 10. 2023 -The Company has issued Bonus Shares in the Ratio of 6:10. -The Company has splits its face value from Rs. 10/- to Rs. 1