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BANKING TRADE AND COMMERCE
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JOINT STOCK COMPANIES
As Yeotmal has been an industrially and commercially back- ward district, the rise of joint-stock companies was rather late in the district. The first joint-stock company in the district was the Reform Club registered in November 1929. It was a public limited company with headquarters at Yeotmal. Most of the other joint-stock companies were registered after Independence. By 1965-66, there were seven joint-stock companies in the district. They included both the public as well as private companies limited either by shares or by guarantee. These companies had different objectives like development of land, supply of electricity, manufacture of cattle feed, providing of transport facilities, etc.
The names of these companies alongwith their dates of registration are given below.
Name of the Company |
Date of Registration |
Place |
(1) |
(2) |
(3) |
Reform Club |
4-11-1929 |
Yeotmal. |
Vidarbha Land Development Corporation |
4-4-1955 |
Wani. |
Yeotmal Electricity Supply Company |
8-9-1954 |
Yeotmal. |
Samarth Transport Company |
15-8-1940 |
Yeotmal. |
Ijardas and Inamdar Company |
10-12-1929 |
Yeotmal. |
Padgilwar and Company |
1-10-1962 |
Digras. |
Alap Cattlefeed Manufacturing Company Private Ltd. |
16-4-1966 |
Yeotmal. |
The total authorised, subscribed and paid-up capital of these companies is shown in the following table.
TABLE No. 9
STATISTICS OF PUBLIC AND PRIVATE LIMITED COMPANIES IN YEOTMAL DISTRICT.
Sr. No. |
Name of the company |
Class |
Capital |
Paid-up |
private/ public |
Authorised |
Subscribed |
(1) |
(2) |
(3) |
(4) |
(5) |
(6) | |
|
Rs. |
Rs. |
Rs. |
1 |
Reform Club |
Public |
20,000 |
14,950 |
14,950 |
2 |
Vidarbha Land Development Corporation. |
Private |
1,50,000 |
52,000 |
52,000 |
3 |
Yeotmal Electricity Supply Company. |
Public |
3,00,000 |
1,90,650 |
1,90,650 |
4 |
Samarth Transport Company |
Private |
5,00,000 |
14,000 |
11,200 |
5 |
Ijardas and Inamdar Company. |
Public |
9,70,000 |
-- |
-- |
6 |
Padgilwar and Company |
Private |
2,00,000 |
-- |
-- |
7 |
Alap Cattlefeed Manufacturing Company Private Ltd. |
Private |
10,00,000 |
-- |
-- |
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