Basil International Ltd. (BIL) – Current Status & Information regarding Refund Process Basil International Ltd (BIL) is a Kolkata-based company that was illegally involved in raising funds through the issuance of redeemable preference shares (RPS) to investors without complying with the regulatory norms of the Companies Act, 1956. The company is accused of cheating depositors … Read more
Agri Gold Farm Estates Pvt. Ltd. raised funds through a collective investment scheme (CIS)from lakhs of investors. The company was operating in Andhra Pradesh without regulatory approvals. Agri Gold’s scam was busted in 2015, upon which the state government seized all companies’ assets. In 2021, the state government of Andhra Pradesh, under Chief Minister YS … Read more
As per SEBI’s investigation, Weird Industries had mobilized Rs. 3.45 crore through the issuance of redeemable preference shares to around 2000 individuals in 2008-2009 and 2009-2010. Apart from this, the company had also mobilized Rs. 14 crores through issuing non-convertible debentures (NCDs) in 2010 and 2011. Since the shares were issued by the company to … Read more
Incorporated in March 1999, Togo Retail Marketing Limited (TRML) is a public company. In April 2013, it is noted that the company had allegedly been involved in the allotment of equity shares since 2004 without complying with the provisions of the Companies Act, 1956 and SEBI Act. The company had collected over Rs. 9.2 crore … Read more
केंद्रीय जांच ब्यूरो (सीबीआई) ने साराधा घोटाले की जांच के तहत सिक्योरिटीज एंड एक्सचेंज बोर्ड ऑफ इंडिया (सेबी) के तीन वरिष्ठ अधिकारियों से पूछताछ की है। जांच एजेंसी के सूत्रों ने कहा कि सेबी के पूर्व कार्यकारी निदेशक (ईडी) केएन वैद्यनाथन और ईडीएस एसवी मुरलीधर राव और एस रविंद्रन की सेवा एसआरआईएल (सारधा रियल्टी) के … Read more
In December 2015, the capital market regulator found that Greentouch Projects have illegally raised funds through the issuance of non-convertible redeemable debentures (NCDs) to about 20,549 individuals without complying with public issue norms stated under SEBI’s Issue and Listing of Debt Securities and the Companies Act 1956. Since the shares were issued by the company … Read more
Prism Industrial Complex Limited is a public company incorporated in May 2011. Based in Kanpur, Uttar Pradesh, the company is majorly in the Construction business and mainly deals in the furnishing and repair of a newly-built construction site. As per the latest news, the company has said to raise money by issuing debentures to more … Read more
अप्रैल 2007 में निगमित, Icore E Services Ltd. सार्वजनिक कंपनी की श्रेणी में सूचीबद्ध है और इसे गैर-सरकारी के रूप में वर्गीकृत किया गया है। कंपनी। कंपनी ने कम से कम रु. 2007-2008 और 2010-2011 के बीच प्रतिभूतियों को जारी करने के माध्यम से 45 करोड़। प्रतिभूतियों को 49 से अधिक लोगों को जारी किया … Read more
Weird Infrastructure Corporation limited is a real estate and renting company incorporated in June 2010. Based in Lucknow, the company had raised over Rs. 16 crores from investors via issuance of non-convertible debentures (NCDs) without complying with the public issue norms stipulated under the Companies Act 1956. In 2015, the Securities and Exchange Board of India … Read more
SEBI has asked for information related to GCA Marketing properties for a refund GCA Marketing Private Limited is a chit-fund company that used to solicit money from investors in a form of single, monthly, and yearly plans and leased out plants with an assured buyback. As per the Punjab Agricultural Produce Markets Act, the company … Read more
KBCL India Ltd Case- A Brief Introduction How did the KBCL India Ltd scam get busted? KBCL India Limited Refund Status KBCL India Limited Latest Update KBCL India Ltd Case- A Brief Introduction Incorporated in 2002, KBCL India Limited (a unit of the Kalpataru group) is a non-government organization. It is mainly involved in the … Read more
Samruddha Jeevan Foods India Limited is an unlisted company that was involved in collecting deposits from the general public without obtaining requisite mandatory approvals. The company was running Collective Investment Scheme (CIS) without complying with the SEBI Regulation, 1999, and raised over Rs.300 crore. Samruddha Jeevan was raising money from the general public to carry … Read more
Scheme Kalyana Laxmi Scheme Assistance Rs 1,00,116/- on time Under State Government of Telangana Category Marriage assistance Status Kalyana laxmi pathakam status 2022 Official portal telanganaepass.cgg.gov.in Amount status TS Kalyana Lakshmi Amount Status 2022 Beneficiaries EWS families from SC/ST/BC/EBC category Kalyana Laxmi scheme is basically a welfare scheme by the Telangana government, mostly for poverty-ridden … Read more
This public notice provides an update on the payment status to investors/applicants of PACL Ltd. The Justice (Retd.) R. M. Lodha Committee had previously requested eligible investors to submit their original PACL certificates to receive payments. However, considering the difficulties faced by investors in submitting the original certificates, the Committee has decided to make payments … Read more
Pancard Clubs Limited मुंबई की एक कंपनी है जो 1990 में चालू हुई थीएक बड़ी होटल श्रृंखला चलाता है। 2010 में एक कार्रवाई में, यह पाया गया कि पैनकार्ड क्लबों ने उठायारुपये से अधिक का फंड इसकी अवकाश योजना के तहत लगभग पांच मिलियन व्यक्तियों से 7000 करोड़ रुपये।हॉलिडे पैकेज एक निवेश योजना के लिए … Read more
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 … Read more
A SEBI high-level committee on Tuesday asked the investors of PACL to submit their original registration certificates by June 30 only after receiving SMS from the panel. This is applicable only to those investors whose refund money is between Rs 10,001 to Rs 15,000 and whose applications have been verified which they had applied in … Read more
Rose Valley Chit Fund Case: Investors can approach the asset disposal committee for a refund Rose Valley Hotels and Entertainment Ltd. and its former directors are accused of allegedly cheating the public through a Ponzi scheme. Set up in 1999, the company had collected a huge sum of money from the public by offering fictitious … Read more
Pincon Spirit Chit Fund Case: Committee has requested investors to furnish the necessary documents to initiate the refund process Set up in 1978, Pincon Spirit Ltd. is a West Bengal-based company, which manufactures alcohol. It has come to notice that from April 2012 to March 2015, Pincon Spirit has offered and allotted secured redeemable non-convertible … Read more
Micro Leasing and Funding Ltd. have mobilized Rs. 58 crores from more than 50000 investors through the issuance of redeemable preference shares in contravention of public issue norms stipulated under the Companies Act, 1956. In 2016, SEBI directed Micro Leasing and its four directors Upendra Nath Mishra, Kali Prasad Mishra, Durga Prasad Mishra, and Banaja … Read more
It has come to light that Falkon Industries had raised Rs. 48.58 lakh through the issue of redeemable preference shares (RPS) to around 714 individuals in 2009-2010. Since the shares were issued by the company to more than 50 individuals, it qualified as a public issue that requires mandatory listing on a recognized stock exchange, … Read more
Speak Asia, a multi-level marketing company, owes more than Rs. 2000 crore to about 1 lakhs of its investors. Registered in Singapore, Speak Asia only had operations in India. The company came under the scanner of investigating authorities after it became popular for promising easy money by merely filling out online surveys. In a crackdown … Read more
Micro Finance Limited, a company based in Odisha had raised over Rs. 88 crores through the issuance of cumulative convertible preference shares (CCPS) to more than 1.21 lakh investors from 2005-06 to 2012-13. Securities and Exchange Board of India directs Micro Finance’s former directors and promoters to refund investors’ money that the company had raised … Read more
It has come to notice that Amrit Projects Ltd (APL) violated public issue norms. The company had raised Rs. 2.57 crore from around 2200 investors through the issuance of deep discount bonds such as infra bonds and power bonds between 2007-08 and 2012-13. The capital market regulator, SEBI found that APL failed to list on … Read more
Sai Prasad Corporation Ltd (SPCL) has been found to raise money through collective investment schemes (CIS) without complying with the securities market norms. The company has illegally collected Rs. 137.12 crores during FY 2012-13 and Rs. 478.35 crores during 2013-14 through its subsidiary without obtaining a certificate of registration from the Securities and Exchange Board … Read more
SEBI directed Prayag Group of Companies to Return Investors’ Money Prayag Group of companies is one of the old companies that were involved in running the Ponzi scheme in the eastern region of the country. Prayag Infotech Hi-Rise (PIHL) had made an offer of redeemable preference shares (RPS) between 2007-2008 and 2011-2012 and mobilized at … Read more