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
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
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
The Justice (Retd.) R. M. Lodha Committee (in the matter of PACL Ltd.) (the “Committee”) vide public notices dated March 27, 2022 and April 12, 2022 had called for original PACL Registration Certificates from eligible investors with claims between Rs. 10,001/- and Rs. 15,000/- who receive SMS from the Committee requiring submission of the same. … 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
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
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
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
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
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
PACL Chit Fund Refund latest news 2022: Investors of chit fund company Pearl Group (PACL) have got great news. SEBI has issued a new order for a refund. The Committee of the Securities and Exchange Board of India (SEBI) has approved the refund of claims up to Rs 15000. In the new order of SEBI, … 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
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
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
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
Kolkata Weir industries limited is an unlisted public company incorporated in May 2009. Set up in Parganas South, West Bengal, the company manufactures food products items and is operational in many states in the country. The company was accused of mobilizing about Rs. 48 crores raised from more than one lakh investors between 2009 and … Read more
The Rise of PACL PACL (Pearls Agrotech Corporation Limited) orchestrated one of India’s largest financial scams, misleading over 58 million investors into investing more than ₹60,000 crore with false promises of high returns in real estate and agriculture projects. Regulatory Crackdown In 1999, SEBI identified PACL’s activities as unauthorized collective investment schemes (CIS). By 2014, … Read more
Citrus Check Inns Limited is actually a new face of Royal Twinkle Star Club, infamous for selling holiday packages on a monthly installment basis and promising huge returns on investments. SEBI had also received complaints against Citrus from several investors claiming that the directors of Royal Twinkle Star Club Ltd. were operating a Collective Investment … 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
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
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
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
India is currently facing a growing LPG cylinder supply concern, which has created discussions across households, distributors, and policymakers. Liquefied Petroleum Gas (LPG) is one of the most widely used cooking fuels in India, especially under the Pradhan Mantri Ujjwala Yojana (PMUY) scheme. Any disruption in LPG supply or pricing can directly affect millions of … Read more
Safe Investment Options After Chit Fund Loss: A Practical Guide for Indian Families Many Indian families have experienced financial loss through chit funds, unregistered investment schemes, or delayed refund companies. After such experiences, the biggest challenge is not money — it is trust. People become afraid to invest again. They prefer keeping cash idle instead … 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
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