DEVANGA BANK LIMITED 1926
| Company Name | DEVANGA BANK LIMITED |
|---|---|
| CIN | U99999KA1926PLC000138 |
| Registration Date | 22 January, 1926 |
| Registeration No. | 000138 |
| RoC | Bangalore |
| State | Karnataka |
| Registered Address | 34&35, Jumma Masjid Roadbangalore City Bangalore City Karnataka India, City - 000000, Karnataka, India |
| Category | Company Limited by Shares |
| Sub Category | Indian Non-Government Company |
| Authorised Capital | Rs 500,000.00 INR |
| PaidUp Capital | Rs 0 INR |
| Company Class | Public |
| Last Annual General Meeting Date | 01 January, 1970 |
| Date of Balance Sheet | 01 January, 1970 |
| Is Company Listed | Not Listed |
| Company Status | Strike Off |
1931 - The company is originally established in the name and style of Vijaya Bank Ltd. After nationalisation of the banking business of the company by an Ordinance on 15th April, 1980, the name of the Company was changed to Vijaya Commercial Credit Ltd. The Company carries on the business of leasing, hire-purchasing
And factoring.
1963 - The Company took over the Devanga Bank Ltd., Bangalore with its two offices at Bangalore city and Doddbellarpur as from 21st October, under a Scheme of Amalgamation sanctioned by the Reserve Bank Ltd., till the end of August 1985.
1970 - 14,617 No. of equity shares allotted. (out of 1968 issue). 80,000 No. of equity shares of Rs 25 each offered for public subscription.
1982 - 137 No. of equity shares of Rs 10 each allotted in exchange of share capital of Devanga Bank.
1984 - The Company acquired a sick industrial unit viz., Kashyap Engineering & Metallurgicals Pvt. Ltd., as a wholly owned subsidiary, Kashyap Engineering & Metallurgicals Pvt. Ltd., ceased to be a subsidiary of the company during 1986-87.
1985 - With the public issue of equity shares during December, the Company offered 1,00,000-13.5% secured redeemable convertible debentures of Rs 130 each of which 10,000 debentures were reserved for promoters, directors etc., 2,000 debentures for business associates, 10,000 debentures for the employees of the Company.
- The balance 78,000 debentures were offered for public subscription. A portion of Rs 30 out of each debenture of Rs 130 is compulsorily and automatically convertible into equity shares of Rs 10 each at par on or before 1st January, 1987.
- The non-convertible portion of Rs 100 of each debenture would be redeemed at par in 3 annual instalments of Rs 40, Rs 30 and Rs 30 on the expiry of the 7th, 8th and 9th year respectively from the date of allotment.
1986 - 20 more equity shares of Rs 25 each were allotted in exchange of share capital of Devanga Bank. Subsequently to this, authorized capital was reclassified by sub-dividing and categorizing all equity shares as one class of equity shares of Rs 10 each. During December 1985, 3,62,389 No. of equity shares issued at
premium of Rs 3 per share of which 42389 shares reserved for allotment to promoters, directors, etc., 7,200 shares to business associates and 18,100 shares to the employees of the company.
The balance of 2,94,700 shares offered for public subscription. - 3,00,000 No. of equity shares allotted at par in conversion of debentures.
1992 - 9,48,922 rights equity shares allotted (prop. 1:2). Everything were taken up. Of these 38,497 shares were kept in abeyance. 47,446 shares issued to employees (only 17,300 shares were taken up).
1993 - The Company offered 4 equity shares of Rs 10 each at par in lieu of redemption at par of Rs 30 of 13.5% NCD. Accordingly, 2,58,936 shares were allotted.
1994 - 15,00,000 shares allotted at a premium of Rs 4 per share to directors and relatives on preferential basis. 1,84,542 shares issued.
Image:
Categories:
