To Diversify the Nahar Group's Activities into Financial and Capital Markets, NAHAR CAPITAL AND FINANCIAL SERVICES LIMITED (NCFSL) was incorporated on 31st March, 2006 as Public Limited Company under the Companies Act, 1956 with the object of carrying on Investment Business, which was hived off from NAHAR SPINNING MILLS LIMITED pursuant to the Scheme of Demerger and Arrangement duly approved by Hon'ble Punjab and Haryana High Court, Chandigarh as per Order dated 21st December, 2006.
The Company registered with Reserve Bank of India (RBI) vide its Registration No. N-06.00588 dated 22nd January, 2008 as Non Deposit Taking Non Banking Financial Company (NBFC-ND). The Company has been categorized as Systematically Important Non Deposit Taking Non Banking Financial Company (NBFCs-ND-SI) as per Non Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms Directions, 2007 of Reserve Bank of India.
The main business activity of the Company is to carry on the business of investment in shares, debentures, stock, bonds and securities of all kinds and other businesses generally carried on by finance and investment companies. The Company is doing investment activities with long term perspective as well as doing trading business to avail the benefits of short term investment/financial opportunities in the present market conditions.
Having regard to the good business opportunities available in Real Estate Sector and to diversify the Company's activities for its betterment, the Company pursuant to Board Resolution and Shareholders Resolution dated 30.07.2011 and 20.09.2011 respectively, decided to undertake new line of business i.e. Real Estate Business.
The Company is also doing the lending activities to avail the benefits of financial opportunities in the present market conditions and for the further growth and profitability of the Company. The Company usually lend against the security of shares, Government Bonds, gold, property and other assets.
The Company is committed to conduct its business in accordance with applicable laws, rules and regulations and highest standards of transparency. The Company has laid down the code of conduct for all its Board Members and Senior Managerial Personnel, which are duly complied by them.