Shriram City Union Finance Limited - Karvy

Brief background of our CompanyHISTORY, MAIN OBJECTS AND KEY AGREEMENTSOur Company was incorporated as a private limited company, Shriram Hire-Purchase Finance Private Limited, onMarch 27, 1986, under the provisions of the Companies Act, 1956. Further with effect from October 29, 1988, thestatus of our Company was changed to a public limited company. The name of our Company was changed fromShriram Hire-Purchase Finance Limited to Shriram City Union Finance Limited and a fresh certificate of incorporationdated April 10, 1990 was issued by the ROC, Chennai, Tamil Nadu. Subsequently, our Company has obtained acertificate of registration as a Deposit-Accepting Financing Company, dated April 17, 2007, bearing registration no.07-00458 issued by the RBI to carry on activities of a NBFC under section 45 IA of the RBI Act, 1934.Change in registered office of our CompanyThere has been no change in the registered office of our Company in the last five years preceding the date of this DraftProspectus.Main objects of our CompanyThe main objects of our Company as contained in our Memorandum of Association are:• To lend money on security on movable or immovable properties or any shares or securities of any nature orwithout security and to negotiate loans.• To Undertake and carry on the business of financing, hire-purchase contracts relating to property or assets ofany description either fixed or movable and in particular relating to Houses, Lands, Government Bonds,Goods, Chattels, Motorcars, Motor-Buses, Motor-lorries, Auto-Rickshaws, Omnibuses, Tricycles, Scooters,Bicycles, Unicycles, Quadricycles, Velocipedes, Carriages and Vehicles of all kinds whether mechanicallypropelled by steam, oil, gas, petrol or electricity or otherwise, Tractors, bullion, stocks, Shares, television sets,machineries of all kinds, pump-sets, refrigerators, electric and electronic goods and on other householdarticles.• To draw, accept, endorse, discount, buy, sell and deal in bills of exchange, promissory notes, bondsDebentures and other negotiable instruments and securities.• To issue on commission, subscribe for, take acquire and hold, sell, exchange and deal in Shares, stock, bonds,obligations or securities of any Government, local authority or Company.• To acquire, improve, manage, work, develop, exercise all rights in respect of leases and mortgages and to sell,dispose of, turn to account and otherwise deal with property of all kinds, and in particular, land,buildings, concessions, patents, business concerns and undertakings.• Generally to carry on and undertake any business or operation, commonly carried on or undertaken bycapitalists, financiers.• To borrow or take deposits of money at interest or otherwise from any person or persons, local authority ofGovernment and advance, lend or deposit any such money or other moneys of the Company for the time beingon such security or otherwise as the Company may deem expedient. But the Company shall not do anybanking business, as defined in the Banking Regulations Act, 1949.• The Company shall either singly or in association with other Bodies Corporate-act as Asset ManagementCompany/ Manager/ Fund Manager in respect of any scheme of Mutual Fund whether Open-End Scheme orClosed-End Scheme, floated/to be floated by any Trust/Mutual Fund (whether offshore or onshore)/Companyby providing management of Mutual Fund for both offshore and onshore Mutual Funds, Financial Servicesconsultancy, exchange of research and analysis on commercial basis. Constitute any trust and to subscribe and98