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BANKING TRADE AND COMMERCE
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JOINT STOCK COMPANIES
The rise of joint-stock companies in this district as compared to other districts is rather late. The first joint-stock company viz; Jamnalal Sons came up on the 5th March, 1938. It was a private concern having its office at Wardha. All the other companies in the district were established after Independence. By 1965, there were five joint-stock companies in the district. All of them were private ones with their registered offices at Wardha. The details about names, the dates of registration as well as the amount of their total authorised, subscribed and paid-up capital, are given below:—
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Name of the Company |
Date of Registration |
1. |
Jamnalal Sons |
5th March 1938. |
2. | Badjate Agricultural Company |
8th March 1950. |
3. |
Chitrakala Pravartak |
9th
February 1952. |
| 4. |
Hunter and Hunter |
12th December 1954. |
| 5. |
Jamgaon Progressive Farms |
28th October 1955. |
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Total Authorised Capital |
Rs. 24,80,000 |
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Total Subscribed Capital |
11,04,900 |
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Total Paid-up Capital |
11,04,900 |
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