ABOUT THE COMPANY
The Company, ADVANCE LIFESTYLES LIMITED (hereinafter referred to as “the Company”) was incorporated as a Private Company Limited by shares on 18th Day of August, 1988 under the provisions of the Companies Act, 1956 under the name of New Ahmedabad Advance Mills (1988) Private Limited. Later on it became a Public Company vide fresh Certificate of Incorporation dated 7th February-1989 and thereafter the name was changed to THE AHMEDABAD ADVANCE MILLS LIMITED vide fresh Certificate of Incorporation dated 10th August-1989 and with insertion of some new clause in Objects Clause of Memorandum of Association, the name was again changed to ADVANCE LIFESTYLES LIMITED vide fresh Certificate of Incorporation dated 8th March-2011;
The main Objects of the Company as enumerated in the Memorandum of Association of the Company are as under:
1. To carry on in lndia and elsewhere in any place or places in the world the trade or the Business Of manufacturers, exporters, importers, traders, dealers, merchants, shippers, indenters, distributors,Wholesalers, retailers, shepkeepers, hirers, commission agents, muccadums, brokers, stockists, mercantile agents, forwarding agents, warehousemen, in all types of fabrics, cotton, wool, jute, hemp silk, nylon and allied materials and articles, textiles of all kinds ready. to wear garments, non-wearables, and made-ups of an kinds, makers and tailors of all kinds of industrial/ domestic wearing/non-wearing apparels, linen, carpets and rugs, straps, tapes, ribbons, elastjc braids and labels and as ginners, pressers, ·packers, calenders, spinners, weavers, bleachers, dyers, combers and traders of cotton, wool, silk, nylon, synthetic, manmade fibre, flax, hemp, jute and other fibrous substances whether. textile, felted, netted or looped and of waste materials and cotton, seeds and to run .spinning, weaving, pressing, ginning and processing or manufacturing mills, dyeing, printing and bleaching factories and carry on all the above business in alf or any of their respective branches.
2. To manufacture, buy sell. import, export,.. refine; manipulate or otherwise deal in textiles and piece goods of all kinds, yam, threads, silks, art silks, cotton, woolens, nylon, synthetic rnan.,made and allied materials, rayons and fabrics of all kinds, wovenl/non-woven cloths, industrial cloth, oil.cloth, leather cloths, Hessian; jute cloths, man-made fibres including regenerated cellulose & e-rayons, nylon and the like, textile auxiliaries, and sizing materials including starch
2A To purchase or otherwise acquire, construct, sell, dispose off, manage, turn to account and deal in real and personal properties of all kinds and in particular lands, buildings, hereditaments, business· concerns or undertakings and other properties in India or elsewhere, any interest in real or personal property and any claims against such property or against -any persons or company and / or regards land, to develop the resources thereof by Improving and civil constructions of commercial and residential building, market, hospitals, schools, aerodromes, docks, dams, canals, bridges, cooperative housing society, housing schemes, hotels, business centres. super .markets, holiday resorts and public and private work of all kinds and to act as promoters. organizers, developers of all types of residential, _industrial and commercial construction.
2B. To acquire by purchase, lease, exchange, hire or otherwise develop any buildings and hereditaments of any tenure or description of land and buildings so situated and develop or to tum the same to account as may expedient and in particular by preparing building sites, and by constructing, reconstructing, altering, improving, decorative, furnishing and maintaining hotels, motels, flats, rooms, houses, restaurants, market, Shops, workshops, mills, factories, warehouse, cold storages, wharves, god Owns, Of (ices, gardens, swimming pools, play grounds, buildings, works and conveniences of all kinds; and by leasing, hiring or disposing off the same and to manage land, building and other properties, whether belonging to the Company or not and to collect rents and Income.
2C. To act as Interior decorators, constructors, developers, planners, designers, architects, surveyors, supervisors of lands, estates, properties, residential, hotels, resorts, business Centres, super markets, Industrial and commercial buildings, godowns, shops, factories, mills, farm houses, roads, bridges, dams, canals and properties of every kind and description.
The Authorised Share Capital of the Company is Rs. 250,000,000 (Rupees Twenty Five Crores) divided in to 25,000,000 Equity shares of Rs. 10/- each. The issued, subscribed called up and paid up capital of the Company is Rs. 31,128,750/- (Rupees Three Crores Eleven Lacs Twnety Eight Thousand Seven Hundred Fifty only) divided into 3,112,875 Equity shares of Rs. 10/- each.
The Equity Shares of the Company are listed with BSE. The Other important and statutory information is given in the Website at appropriate place.