YEAR EVENTS 1930 - Motor and General Financial Limited was incorporated at Delhi. The company grants finance against motor vehicles on hire-purchase system. It acts as a dealer for Tata Benz vehicles for Kerala and a part of Madhya Pradesh. It is also undertaking leasing business. 1981 - 10,000-14.28% and 50,895-10% preference shares were converted into 25,000 No. of equity shares and 50,895 No. of equity shares respectively. 1983 - The Company issued 5,00,000 secured Redeemable Non-Convertible Debentures of Rs 100 each aggregating Rs 5 crores to the existing shareholders on a rights basis. 1984 - The Company signed a joint venture agreement with International Finance Corpn., Washington for starting leasing company called India Lease Development, Ltd. 1985 - Approvals from the Government of India, Ministry of India and RBI were received. - In January, the Company iossued 5,00,000-15% secured redeemable non-convertible debentures of Rs 100 each at par as rights to shareholders in the ratio 1:5 and also by way of private placement. The issue was oversubscribed and the Company allotted 20,611 additional debentures to retain the excess subscription. 1992 - As per sanction received from BIFR, NAP was merged with the company effective 1.4.1991. 1995 - The Company received registration as catgory I Merchant Banker. 2000 - ICRA Ltd. and Duff & Phelps Credit Rating India Pvt. Ltd. have revised their credit ratings to `MA-' and `IND A-'. - Mr. S.K. Singh has resigned from the directorship of the company. 2001 - ICRA has placed the fixed deposit ratings of MA-, assigned to the Motor & General Finance Ltd., MGF (India) Ltd. 2002 -Lalit Gupta appointed as Additional Director of Motor & General Finance. 2003 - The undernoted Directors will be retiring by rotation: 1) Mr. Rajiv Gupta 2) Mr. Bharat Kumar 3) Mr. Arun Mitter. 2004 -The shares of Motor & General Finance Ltd delisted from Delhi Stock Exchange Ltd 2008 - Motor & General Finance Ltd has appointed Mrs. Arti Gupta, Director as Joint Managing Director of the Company for a period of three years effective from June 05, 2008 to June 04, 2011. 2009 - MGF Services Ltd have informed the acquisition of shares of The Motor & General Finance Ltd. - Have allotted 277 equity shares to the shareholders of transferor companies, namely NAP Sales Private Limited and Janata Cinemas Properties & Finance Limited in the ratio as mentioned in the Scheme of Amalgamation. 2010 -Board has recommended a dividend of Rs.2/- per equity share i.e. 20%. 2011 -Board has recommended a dividend of Rs.1.50 per equity share of Rs. 10/- each i.e. 15%. 2020 - Company has splits its face value from Rs. 10/- to Rs. 5/-.