Avasara Finance Ltd (Avasara) was originally incorporated as TRC Financial and Management Services Pvt. Ltd vide Certificate of Incorporation dated 24th May, 1994 issued by Registrar of Companies, N.C.T of Delhi & Haryana. The Company was converted into Public Limited Company during the year and accordingly its name was changed as TRC Financial and Management Services Limited. On 8th November 1994, the name of the Company was changed to TRC Financial Services Limited, and On 12th January 2022, the name of the Company was changed to Avasara Finance Limited. The Company at present has its Registered Office situated at Bandra Hill View CHS,3rd Floor, 85, Hill Road, Opp. Yoko Sizzlers, Bandra (W), Mumbai-400050. The Corporate Identification Number (CIN) of the Company is L74899MH1994PLC216417.
The promoters of the Company is M/s Jupiter Capital Private Limited.
TRC being a NBFC Company engaged in the business of Loan Finance etc.
The Main Objects clause of TRC, as per Memorandum of Association, includes inter-alia to “To provide comprehensive management, financial and project consultancy services, including arranging for loan syndications, preparation of project reports, preparation of viability and diagnostic studies, valuation of assets, business, capital, portfolio services, project implementation, project clearances from Government, institutions and Banks and to carry out the business of Merchant Banking, leasing, financial/loan business, deferred payment guarantees, hire purchase, credit rating services, securitization, bill marketing, bill discounting, factoring.
5 The equity shares of the Company are listed at Bombay Stock Exchange Limited, Mumbai (BSE).
The Code is a guide to professional conduct for the Board of Directors (the Board), Key Managerial Personnel (KMP), and the Senior Management of Avasara Finance Ltd (the Company). Adherence to these standards by all the officials mentioned above and the fulfillment of their responsibilities in a professional and faithful manner will promote confidence in the investment community, particularly minority shareholders and regulators.
‘Board’ means Board of Directors of the Company.
‘Directors’ means Directors of the Company as defined under Section 2(34) of the Companies Act, 2013.
‘Company’ means Avasara Finance Ltd.
‘Key Managerial Personnel (KMP)’ means:
‘Senior Management’ refers to personnel of the Company occupying the position of Business Head of any unit/division of the Company.
Unless the context otherwise requires, words and expressions used in this policy and not defined herein but defined in the Companies Act, 2013 and the Equity Listing Agreement as may be amended from time to time shall have the meaning respectively assigned to them therein.
The Company reserves its right to amend or modify this Policy in whole or in part, at any time without assigning any reason whatsoever. However, no such amendment or modification will be binding on the Employees and Directors unless the same is notified to them in writing.art, at any time without assigning any reason whatsoever. However, no such amendment or modification will be binding on the Employees and Directors unless the same is notified to them in writing.