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BANKING TRADE AND COMMERCE
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JOINT STOCK COMPANIES
Joint-Stock Companies : In the absence of any proper records it is difficult to trace the gradual evolution of the joint-stock companies in Akola district. As elsewhere they appear to have developed out of the partnership or proprietary type of concerns. The latter as a matter of fact, required a good deal of capital not too easy for a single individual to supply. Credit, too, was not obtainable, unless complete security could be provided to the creditor. Partnership was a still more difficult form of operation because it depended for its success upon the smooth co-ordination amongst the members concerned. The joint-stock companies as they exist to-day, therefore, came up as a more suitable form of business organisation through which instability in the business could be reduced to a great extent.
The following table gives the details of the companies in Akola district.
TABLE No. 20
Joint-Stock Companies in Akola District |
Sr. No |
Name of Company |
Place of location |
Public/ Private |
Date of Registration |
Share holders |
Authorised capital |
Issued capital | |
1. |
Hind Prakashan |
Akola |
Private |
2-6-1956 |
14 |
1,00,000 |
86,000 | |
2. |
Hindustan Stores |
-- |
Public |
12-3-1942 |
88 |
1,00,000 |
96,065 | |
3. |
Kela Brothers |
-- |
Private |
21-8-1946 |
7 |
1,00,000 |
25,700 | |
4. |
K. Baijnath |
-- |
-- |
5-12-1941 |
7 |
5,00,000 |
90,000 | |
5. |
Madhya Pradesh Industrial and Commercial Corporation |
-- |
-- |
12-1-1954 |
16 |
1,00,000 |
10,000 | |
6. |
Mahboob Motor Service Company |
-- |
-- |
2-1-1946 |
4 |
1,00,000 |
60,000 | |
7. |
Mangrulpir Joint Motor Service |
-- |
-- |
10-12-1945 |
13 |
10,00,000 |
10,00,000 | |
8. |
New Akot Cotton Ginning and Pressing Company |
Akot |
Public |
10-8-1903 |
116 |
1,44,000 |
1.44,000 | |
9. |
R. J. Chawre Agriculture Corporation |
Karanja |
Private |
10-1-1955 |
7 |
5,00,000 |
40,000 | |
10. |
Rajasaheb Rekchand Gopaldas Mohata Spinning and Weaving Mills. |
Akola |
Public |
29-6-1945 |
11 |
10,00.000 |
5,00 000 | |
11. |
Rajasthan Factories |
Telhara |
Public |
22-6-1946 |
13 |
1,50,000 |
49,000 | |
12 |
Rajasthan Printing and Litho Works |
Akola |
Private |
21-8-1928 |
12 |
5,00,000 |
1,20,000 | |
13. |
Ramaji Kanao Ginning and Pressing Company |
Karanja |
Public |
-- |
33 |
1,25,000 |
1,25,000 | |
14. |
Sawatram Dairy Products |
Akola |
-- |
28-6-1944 |
217 |
5,00,000 |
5,00,000 | |
15. |
Sawatram Ramprasad Mills |
-- |
-- |
14-1-1911 |
241 |
50,00.000 |
19,43,170 | |
16. |
Sawatram and Sons |
-- |
Private |
3-1-1934 |
11 |
5,00,000 |
5,00,000 | |
17. |
Sawatram Krishikarya |
-- |
-- |
7-1-1946 |
21 |
25,00,000 |
11,91,850 | |
18. |
Shamdas Ishwardas |
-- |
-- |
28-6-1952 |
5 |
1,00,000 |
20,000 | |
19, |
Shree Ganesh Oil Mills |
-- |
-- |
15-3-1940 |
5 |
10,00.000 |
1,27,675 | |
20. |
Shree Gosanwardhan Krishi Company |
Murtizapur |
-- |
7-3-1950 |
9 |
1,50,000 |
50,000 | |
21. |
Super Radio and Television Industries |
Akola |
-- |
24-6-1955 |
4 |
20,000 |
2,920 | |
22. |
United Transport Company |
Akola |
-- |
20-12-1945 |
12 |
10,00,000 |
80,000 | |
23. |
Vidarbha Adarsh Trading Company |
-- |
-- |
18-5-1955 |
5 |
1,00,000 |
12,325 | |
24. |
Berar Industrial Corporation |
-- |
-- |
23-6-1949 |
11 |
10,00,000 |
62,450 | |
25. |
Berar Trading Company |
-- |
Public |
17-11-1938 |
-- |
1,50,000 |
1,43,350 | |
26. |
Bharat Pictures |
-- |
-- |
16-1-1938 |
140 |
5,00,000 |
5,00,000 | |
27. |
General Motor Owner's Association |
Washim |
Private |
23-1-1946 |
32 |
1,50,000 |
1,27,600 |
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