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Parivartan Mutual Benefits Ltd. (PMBL)Â was incorporated under the Companies Act, 1956(No. 1 of 1956). The registration number is U65991UP2014PLC063618 and the registration date is 25th of March 2014, and which has this day filed or duly verified declaration in the prescribed form that the conditions of
the Section 149(2)(a) to (c) of the said act, have been complied with and is entitled to commence business.
The primary objective of the Company is to uplift the social and financial status of its members by promoting saving habits. The products of the Company are in the shape of Fixed Deposits, Recurring Deposits, Monthly Income Schemes and other investment plans. The Company has its registered office at Allahabad. The Corporate Office of the Company is at Gurgaon. The area of operation of the Company is currently limited in the Uttar Pradesh. The norms and the rules related to the Company are defined under the Bye-laws of the Company.Â
Parivartan Mutual Benefits Ltd. strictly abides conducts its financial business amongst the members of the Company.Â
The Company uses the funds for lending to the members and investments as per the Company Act/Rules/Bye-laws. The registration, guiding and controlling authority of the Company is The Central Registrar of Companies.
Co-operative sector contribute to the overall system stability by assessing an additional source of capital via members in addition to the investor base and capitals pooled assessed by Shareholder Banks.Â
Innate focus on customer created by customer ownership which reinforces the risk profile creating an impact on business behaviors, putting customer centricity at the peak.Â
A great business mix of conservative and customer focus creating a natural bias towards "real economy" business activity and its respective local markets.
