BANKING TRADE AND COMMERCE

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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