Jagsonpal Finance & Leasing Limited was incorporated as a Private Limited Company on 20th February, 1991 and subsequently converted into a Public Limited Company on 25th July, 1994 and a fresh Certificate of Incorporation was issued by Registrar of Companies, National Capital Territory of Delhi & Haryana, at New Delhi on 23rd August, 1994. The Company started its activities in February, 1991. During the initial period, the Company mainly engaged itself in extensive research, in orderto identify and assess the various segments, which it proposes to enter. Accordingly the Company invested its funds in the Fixed Deposit Scheme and earned an income of 0.103 Lacs and 0.208 Lacs in the year 1992 and 1993 respectively. In the year 1993 the Company commenced leasing and hire purchase activities which it would like to expand by entering into consumer finance. At present the Company has adequate staff commensurate with the size of its capital. The Company is presently engaged in diversified business activities with potential for growth such as Leasing, Hire Purchase and Financial Consultancy and in view of the vast potential, the company intends to enhance its activities in these fields by broadbasing the existing infrastructure. MAIN OBJECTS OF THE COMPANY The main objects as contained in Memorandum of Association of the Company are: 1. To carry on the business of General Finance Company and to finance for purchasing and selling of industrial and office plants, equipments, machinery, vehicles, buildings, real estates, electri- cal and electronic equipments, computers and othercapital goods to industrial and commercial undertakings. 2. To carry on the business of leasing and as such to give on lease all kinds of equipments, plant and machinery, household articles, land, buildings, agricultural land, plantations, goods, articles and commodities of all kinds and other movable and immovable properties, rights, claims and other interests therein. 3. To carry on and undertake the business of leasing, trading, hire purchase, chartering, renting, repairing and to finance Lease operations of all kinds, and purchasing selling, hiring or letting on hire all kinds of plant, machinery, Diesel Generator sets, data processing equipments and computers, motor car and other vehicles. 4. To carry on the business of housing finance and as such to undertake financing either wholly or partially of flats, houses, buildings, structures, super structures, factory buildings, cinema houses, industrial estates, group house, shops, godowns, cold storage, water tanks, hotels, properties real estates, and of all kinds town and colony development plans, whether on cash down, hire purchase, deferred payments or instalments basis. 5. To carry on the business of financers and as such to finance, give loans, in cash or in kind, whether unsecured or secured, on all or any of the articles or properties and vehicle of any description relating to business, trade, profession or otherwise, whether tangible or intangible, real or nominal, freehold or leasehold.