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
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
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
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
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
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
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
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
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
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
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
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
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
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