Pancard Club Limited (PCL) is a Mumbai-based company that became operational in 1990. PCL owns and runs a big hotel chain and engages in activities such as the development and maintenance of clubs, hotels, and resorts. Despite delivering on its promises for more than a decade, Pancard Club was under the scanner for soliciting money … Read more
पिनकॉन स्पिरिट चिट फंड मामला: समिति ने निवेशकों से धनवापसी प्रक्रिया शुरू करने के लिए आवश्यक दस्तावेज प्रस्तुत करने का अनुरोध किया है 1978 में स्थापित, पिनकॉन स्पिरिट लिमिटेड पश्चिम बंगाल की एक कंपनी है, जो शराब बनाती है। यह ध्यान में आया है कि अप्रैल 2012 से मार्च 2015 तक, पिनकॉन स्पिरिट ने 4,256 … 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
सेबी ने अल्केमिस्ट इंफ्रा रियल्टी लिमिटेड को ‘सामूहिक निवेश योजनाओं’ पर एक नई कार्रवाई के तहत, ऐसी सभी गतिविधियों को रोकने और सार्वजनिक निवेशकों से प्राप्त धन की प्रतिपूर्ति करने का आदेश दिया है, जो तीन महीने के भीतर 1,000 करोड़ रुपये से अधिक हो सकता है। राज्य के जिन लोगों ने विभिन्न योजनाओं के … 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
Incorporated in April 2007, Icore E Services Ltd. is listed in the class of public company and is classified as Non-Govt. Company. The company had raised at least Rs. 45 crore through the issuance of securities between 2007-2008 and 2010-2011. The securities were issued to more than 49 people, which required compulsory listing on a … 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
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
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
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
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
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
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
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
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
Ramel Industries Ltd. had raised money from the public through the issuance of optionally fully convertible debentures (OFCDs) and had not filed any prospectus with regard to the same with the Securities and Exchange Board of India (SEBI). The company had been accused of allegedly soliciting nearly Rs. 60 crores from 31,582 investors between 2009 … Read more
रामेल इंडस्ट्रीज लिमिटेड ने वैकल्पिक रूप से पूरी तरह से परिवर्तनीय डिबेंचर (ओएफसीडी) जारी करके जनता से धन जुटाया था और भारतीय प्रतिभूति और विनिमय बोर्ड (सेबी) के साथ इसके संबंध में कोई प्रॉस्पेक्टस दाखिल नहीं किया था। कंपनी पर कथित तौर पर करीब रुपये की याचना करने का आरोप लगाया गया था। 2009 और … 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
कोलकाता वियर इंडस्ट्रीज लिमिटेड मई 2009 में निगमित एक गैर-सूचीबद्ध सार्वजनिक कंपनी है। परगना दक्षिण, पश्चिम बंगाल में स्थापित, कंपनी खाद्य उत्पादों की वस्तुओं का निर्माण करती है और देश के कई राज्यों में चालू है। कंपनी पर करीब सवा लाख रुपये जुटाने का आरोप था। 2009 से 2011 के बीच एक लाख से अधिक … Read more
Alchemist Infra Realty Limited- Case Summary After receiving an anonymous complaint from the investor’s capital markets regulator about Alchemist Infra Realty Ltd illegally raising funds, SEBI started its investigation into the matter in 2011. Securities and Exchange Board of India found that the company was involved in collective investment schemes (CIS) in the name of … 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
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
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
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
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
Sahara India Pariwar Overview Information Details Company Name Subrata Roy Sahara Conglomerate Founder Subrata Roy Sahara Headquarters Lucknow, Uttar Pradesh, India Business Model Sub-sectors include finance, entertainment, infrastructure, healthcare, insurance, retail, education (edunguru), electrical vehicles (Sahara evols), AI, etc. Sponsorship Owned and sponsored many sports teams, including Indian National Cricket Team and Indian National Hockey … Read more