Alchemist Township India Limited: An overview
A non-govt company, incorporated with the Ministry of Corporate Affairs (MCA) on the 4th of July 2006, is a public unlisted company classified as a ‘company limited by shares’ [a company that issues shares to the public].
The maximum amount of share capital that Alchemist Township is allowed to issue to its shareholders as per its constitutional documents stands at INR 500 lakhs and is known as authorized capital. And has received 20% paid-up capital which is INR 100 lakhs from the shareholders in exchange for shares of stock. The company’s active board members and directors are Gokul Chand, Sandeep Kumar, and Sucheta Khemka.
Alchemist Township India Limited Detailed Info
|Details||Alchemist Township India Details|
|Date of Registration||04 July 2006|
|Business Model||Real Estate and Renting|
|Registrar Office City||Delhi|
|Category of the Company||Company limited by shares|
|Status of Activity||Active|
|Authorized Capital||500 lakhs|
|Paid-up Capital||100 lakhs|
|Last Annual General Meeting (AGM) held on||28 September 2019|
|Balance Sheet last updated on (as per MCA)||31 March 2019|
The registered address of Alchemist Township India: FLAT NO- 1511 (Front Portion) Hemkunt Chambers, 89 Nehru Place New Delhi South Delhi DL 110019 IN.
What does Alchemist Township India do?
According to the Registration of Company, the business activity under which the Alchemist Township India runs is real estate with own and/or leased property, meaning thereby they can buy, sell, rent, and operating self-owned or leased real estate property like an apartment building, non-residential properties, developing and subdividing properties. It also includes the development or selling of property/land and cemetery lots, operating of apartment hotels, and residential mobile home sites.
Frauds Committed by Alchemist Township India Ltd
Former Rajya Sabha member representing the All India Trinamool Congress, Kanwar Deep Singh, and six others namely, Satyendra Kumar Singh, Sucheta Khema, Jay Shri Prakash Singh, Brajmohan Mahajan, Chhatrasal Ranawat, and Nandkishor Singh, were booked by the Central Bureau of Investigation (CBI) for making false promises to the investors by collecting a massive amount of money from them. One of the investors Pawan Mishra had filed a complaint against the company at the Kotwali police station in Kanpur, Uttar Pradesh in the year 2019. Later the state government recommended the case for a CBI probe.
In January 2021, KD Singh and a few other members were arrested by ED in connection with the Ponzi or chit fund scheme case involving Alchemist Infra Realty Limited and Alchemist Township India. The complaint alleged that around 15 lakh gullible people from around India had invested over INR 1900 crores in the company through unauthorized means and didn’t take the permission of SEBI as well. The investors were promised doubled income, plots, villas, apartments, and other assets through the scheme reportedly.
After the money laundering exposure of the Alchemist Township India, the company was restricted from collecting any money from the investors and return back the money already collected in accordance to SEBI (Security and Exchange Board of India).
Latest News: Alchemist Township India
- The fresh case against Singh indicated that Singh as well as other members of the companies Alchemist Infra Realty Limited and Alchemist Township Limited had collected sums worth crores from investors with a promise to double their income.
- The cases against the companies and the owners of the company were proved by UP police but later on, handed over to the CBI.
- Enforcement Directorate (ED) in the month of January 2021 arrested Singh but he got bail from the court in the first week of April 2021.
- ED revealed that the money laundering had been done through a web of companies and the funds collected were never utilized for the purpose for which they had been originally collected. All assets in Punjab, Haryana, Shimla, and bank accounts in HDFC Bank worth INR 239 crores identified during the course of investigations had been provisionally attached by ED.