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The Company was originally incorporated on July 12, 1994 as ‘FMS Securities Limited’ under the provisions of the Companies Act, 1956 with the Registrar of Companies, Assam, Meghalaya, Manipur, Tripura, Nagaland, Arunachal Pradesh & Mizoram, Shillong and received Certificate for Commencement of Business on July 20, 1994. Further the Registered Office of the Company was changed to National Capital Territory of Delhi & Haryana from Assam and fresh certificate for change in registered office was issued by Registrar of Companies, National Capital Territory of Delhi & Haryana dated December 21, 2000 pursuant to CLB Eastern Region Bench order dated August 09, 2000. In the year 2000, Existing Promoters Parveen Gupta, Sachin Gupta, Rajesh Gupta and Yash Pal Gupta took over the control of the Company from their erstwhile Promoters i.e. Hukamraj Sajjanraj Kumbhat, Kaushal Kumbhat, Pardip Kumbhat, Haradhan Saha, Laxmi Narain Biyani, Ambika Barua and Indu Kumbhat. Pursuant to the scheme of Amalgamation, Share India Securities Limited was merged into the Company vide order of Hon’ble High Court of Delhi dated May 20, 2010. The name of the Company was changed to Share India Securities Limited vide a fresh certificate of Incorporation pursuant to change of name dated July 15, 2010 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Further the Registered Office of the Company was changed to Uttar Pradesh from the State of Delhi and fresh certificate for change in registered office was issued by Registrar of Companies, Uttar Pradesh dated May 02, 2012 pursuant to Company Law Board, New Delhi Bench order dated April 17, 2012.
Business area of the Company
The company is currently engaged in the business of equity broking, investing and trading activities. Along with this they are also providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor and also an application has been filed with Securities and Exchange Board of India for the registration of Company as a Portfolio Manager. The Company got registered with SEBI as Stock Broker (Member of BSE) in the year 2000 and started the Stock Brokering operations. Later during the year 2007-08 they got registered as a trading and clearing member of Bombay Stock Exchange (BSE). Post the merger of the company they got registered with SEBI as Stock Broker, Trading and Clearing Member of National Stock Exchange of India (NSE) in the year 2012. With the introduction of the Future and option segment into the Indian capital market the company became Member under future & Option (F&O) Segment also. Currently, the Company is providing broking services in Equity, Currency derivative and Future & Options segment of National Stock Exchange of India Limited and BSE Limited.
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