|₹3390 / ₹755.1|
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Saraswati Commercial (India) Limited is a Non Banking Financial Company registered with Reserve Bank of India. The Company was incorporated in the year January 24, 1983 and is mainly engaged in the business of investment and trading in shares and securities & lending activities. All the prudential norms for asset classification, income recognition, provisioning etc. , are applicable to NBFCs in India. During the year 2015, Mahotsav Trading and Finance Private Ltd ceased to be the associates of company. Pursuant to Scheme of Amalgamation of Aroni Commercials Limited (the transferor company) and Saraswati Commercial (India) Limited (the transferee company), vide Order passed by the Hon'ble National Company Law Tribunal, Mumbai bench on 16th March, 2017, Sareshwar Trading and Finance Pvt. Ltd. and Arkaya Commercial Pvt Ltd emerged as subsidiary companies as on the effective date 31st March, 2017 according to provisions of Section 2 (87) of Companies Act, 2013, the rules made thereunder and any other applicable provisions of Companies Act, 2013.