BANKING TRADE AND COMMERCE

JOINT STOCK COMPANIES

Private Limited Companies.

There were only four Private Limited Companies in the district in 1959. The oldest of these companies was the Patalganga Agencies, Private Ltd., registered in 1943. The other companies were registered between 1947 and 1952. A classification of these companies according to the nature of business they transact shows that out of these four companies one is a manufacturing company and the rest are trading companies. Following table gives the break-up of these companies according to the nature of their business: ―

The total paid-up capital of all these companies amounted to Rs. 5,56,025 while their authorised capital was Rs. 8,25,000 by the end of 1959. Most of the companies had sold ordinary shares, the total value of which was Rs. 7,42,025. The other types of shares were not in great demand in the money market.

Public Limited Companies.

By the end of 1959 there were only five Public Limited Companies in Kolaba district excluding two banks. They also did not include investment trusts. The Rashtratej Prasarak Mandal was the oldest company registered as far back as 1935.

The classification of these companies is as under: ―

The total paid-up and authorised capital of all these companies amounted to Rs. 1,70,000 and Rs. 1,18,225, respectively. Almost all the shares of these companies were ordinary shares.

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