| Action Financial Services (India) Ltd. was established, as Public Limited Company in the State of Maharashtra, Bombay on 1st October, 1992 and obtained commencement of Business Certificate on 20th November, 1992, to undertake Broking, Portfolio Management Services (PMS), Investment Advisory and Financial Counselling Services alongwith Merchant Banking and other related activities. This group consists of
Chartered Accountants, Financial Analysts, Technical Analysts and Corporate Counsellors, all led by Mr. Milan R Parekh, himself a member of the Bombay Stock Exchange. Knowing the importance of upto date information, the Action group maintains modern and dynamic information banks. The Action team monitors this information and subsequent changes
and through the latest analytical tools, takes maximum advantage at minimum risks.
Having a well set-up organisational infrastructure, experienced manpower, communication networks and computing power, the Action Investment Group is fully equipped to provide excellent services for unparalleled results.
MAIN OBJECTS OF THE COMPANY
The main objects of the Company as stated in the Memorandum of Association of the Company are as under:
1. To Undertake advisory and financial counselling services.
2. To develop and provide financial services supermarket, including underwriting, placement, distribution, selling and marketing of public issues to financial institutions, corporate, individuals and other entities through the company's network and through dealer/broker outlet, acting as registrars and transfer agents in respect of securities
and money market instruments, dealing and positioning in securities like equities, preference shares, bonds, debentures, warrants and money market instruments, advisory and other intermediary services, financing business enterprises and individuals through loans, leasing, hire
purchase, factoring, bill discounting, contribution towards capital and other means and providing cash, management, advisory services, portfolio management and to act as merchant bankers subject to permission as may be required.
SUBSIDIARY COMPANY
The company does not have any subsidiary company.
2006
-Company has splits its Face value of Shares from Rs 10 to Re 1
2007
-Company has Consolidates its Face value of Shares from Rs 1 to Rs 10
2014
-The Registered Office of the Company is been shifted from 31, Rajgir Chambers, 4th Floor, Shahid Bhagat Singh Rd., Mumbai - 23 To 46 & 47, 6th Floor, Rajgir Chambers, 12/14, Shahid Bhagat Singh Road, Opp. Old Custom House, Fort, Mumbai - 23.
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