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Bal Ram Garg, Padam Chand, and Pawan Gupta initially subscribed to the 2005 company
24-Aug-2026   15:20 Hrs IST
Incorporated in 2005, the company has an authorized capital of Rs 1460,00,00,000, comprised of 1200,00,00,000 equity shares with a face value of Rs 1 each and 26,00,00,000 preference shares with a face value of Rs 10 each, following a share split from Rs 10 to Rs 1. The Memorandum of Association outlines a remarkably broad range of potential business activities, including manufacturing, trading, advertising, public transportation, real estate, and financial services, with several activities subject to regulatory approvals. Initial subscribers to the company were Bal Ram Garg, Padam Chand, and Pawan Gupta, and the document was witnessed by Sharad Jain, a Chartered Accountant. While the extensive list of potential activities defines the company’s powers, the actual business conducted may be narrower, and modernization of the objects clause may be considered.
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