The Ministry, during
the last three years and current year, has ordered investigation into the
affairs of 145 companies which were allegedly involved in illegal deposit
taking activities. A State-wise list of these companies is enclosed as Annexure.
In many of the cases where investigations have been completed, diversion of
funds so collected and/ or default by the companies in repayment of such
deposits has been observed.
Regulation
of such activities is covered by the following statutes:
i.
Chit Funds Act,
1982, under which all chit funds require previous sanction from the respective
State Governments.
ii.
Prize Chits
& Money Circulation Schemes (Banning) Act, 1978, enforcement of which lies
with State Governments, defines and prohibits illegal chit fund schemes.
iii.
RBI Act,
1934, administered by the Reserve Bank of India, bars any individual or a firm
or unincorporated association of individuals from accepting deposits.
iv.
SEBI Act,
1992, administered by the Securities and Exchange Board of India, to regulate
Collective Investment Schemes.
v.
Companies
Act, 2013 (Sections 73 to 76) read with Companies (Acceptance of Deposit)
Rules, 2014.
vi.
Special
legislations passed by certain States to protect the interests of depositors.
Apart from enforcement of the
above statutes and regulations, the following measures have been taken to protect the interests of the investors and to
enable effective investigation into the affairs of companies allegedly involved
in frauds:
(i) ‘Fraud’
has been defined as a substantive offence in the Companies Act, 2013;
(ii) Section
143(12) of Companies Act, 2013 requires the auditor of a company to report any
fraud to the Board of Directors or Audit Committee of that company or to the
Central Government, depending on the amount of fraud.
Annexure
LIST OF INVESTIGATION ORDERED IN
RESPECT OF COMPANIES INDULGING IN ILLEGAL COLLECTION OF DEPOSITS
Year – 2012-13
|
Sl.
NO.
|
Name of the Company
|
State/
UT
|
Suspected Quantum
|
|
1.
|
Basil
International Ltd.
Vamshi
Chemicals Ltd.
Nixil
Pharmaceuticals Specialities Ltd.
Appeline
Cosmetics & Toiletries Ltd.
Basil
Express Ltd.
|
Delhi
& UP
|
Rs 1721.00 crore
|
|
2.
|
|
3.
|
|
4.
|
|
5.
|
|
6.
|
Abcindya
Networks Pvt. Ltd.
|
Delhi
|
Rs 48.00 crore
|
|
7.
|
Unigateway
2U Trading Pvt. Ltd.;
Unipay2U
Marketing Pvt. Ltd;
Unipay
Creative Business Pvt. Ltd.;
Unipay2U
Production Pvt. Ltd.
|
Tamil Nadu
|
Rs 791.53 crore
|
|
8.
|
|
9.
|
|
10.
|
|
11.
|
Life
Business Project Pvt. Ltd.
|
Delhi
|
Not available
|
|
12.
|
Alchemist
Infra Realty Ltd.
|
Delhi
|
Not available
|
|
13.
|
Speakasia
Online Pte Ltd. (Singapore)
|
Maharashtra
|
Rs 3494.00 crore
|
|
14.
|
Tulsiyat
Tek Pvt. Ltd.
|
|
15.
|
Seamless
Outsourcing LLP
|
Year – 2013-14
|
16.
|
Rose
Valley Real Estate & Construction Ltd.
Rose
Valley Industries Ltd.
Silver
Valley Communications Ltd.
Rose
Valley Food Beverages Ltd.
Rose
Valley Marketing India Ltd.
Rose
Valley Infotech Pvt. Ltd.
Rose
Valley Hotels & Entertainment Ltd.
Rose
Valley Projects Ltd.
Rose
Valley Patrika Ltd.
Rose
Valley Films Ltd.
Modern
Investment Traders Pvt. Ltd
Rose
Valley Travels Pvt. Ltd.
Brand
Value Communications Ltd.
Rose
Valley Housing Development Finance Corporation Ltd.
Rose
Valley Airlines Ltd.
Rose
Valley Fashions Pvt. Ltd.
Rupasi
Bangla Projects India Ltd.
Rupasi
Bangla Media & Entertainment Ltd.
Rose
Valley Realcom Ltd.
|
West Bengal
|
Rs 10281.00 crore
|
|
17.
|
|
18.
|
|
19.
|
|
20.
|
|
21.
|
|
22.
|
|
23.
|
|
24.
|
|
25.
|
|
26.
|
|
27.
|
|
28.
|
|
29.
|
|
30.
|
|
31.
|
|
32.
|
|
33.
|
|
34.
|
|
35.
|
Icore
E-services Ltd.
Icore
Apparels Pvt. Ltd.
Icore
Paints Pvt. Ltd.
Icore
Iron & Steel Pvt. Ltd.
Icore
Super Cements Pvt. Ltd.
Riju
Cement Ltd.
Mega
Mould India Ltd.
Papyrus
Infotech
Icore
Global Medicines Pvt. Ltd.
Icore
Jewellery & Gems Pvt. Ltd.
Icore
Polyfab Pvt. Ltd.
Icore
Housing Finance Corpn. Ltd.
|
West Bengal
|
Not available
|
|
36.
|
|
37.
|
|
38.
|
|
39.
|
|
40.
|
|
41.
|
|
42.
|
|
43.
|
|
44.
|
|
45.
|
|
46.
|
|
47.
|
Saradha
Realty India Ltd.
Saradha
Agro Development Ltd.
Saradha
Exports Ltd.
Saradha
Shopping Mall Pvt. Ltd.
Saradha
Printing & Publication Pvt. Ltd.
Saradha
Tours & Travels Pvt. Ltd.
Saradha
Education Enterprise Ltd.
Saradha
Construction Company Pvt. Ltd.
Saradha
Garden Resorts & Hotel Pvt. Ltd.
Saradha
Landmark Cement Pvt. Ltd.
Rose
Capital Ltd.
Bengal
Media Pvt. Ltd.
Bhasank
Food Pvt. Ltd.
Global
Automobiles Ltd.
|
West Bengal
|
Rs 2394.00 crore
|
|
48.
|
|
49.
|
|
50.
|
|
51.
|
|
52.
|
|
53.
|
|
54.
|
|
55.
|
|
56.
|
|
57.
|
|
58.
|
|
59.
|
|
60.
|
|
61.
|
Sunshine
India Land Developers Ltd.
Sunshine
Mutual Benefit Ltd.
Sunshine
Land Projects Ltd.
Sahu
Investment Mutual Benefit Company Ltd.
Sahu
Investment Corporation Ltd.
Nirmala
Sahu Business Complex Pvt. Ltd.
Shiv
Nests Pvt. Ltd.
Synergy
Tie-Up Pvt. Ltd.
Nirmala
Dwellings Pvt. Ltd.
|
West Bengal
|
Rs 30.00 crore
|
|
62.
|
|
63.
|
|
64.
|
|
65.
|
|
66.
|
|
67.
|
|
68.
|
|
69.
|
|
70.
|
URO
Infra Reality India Ltd.
|
West Bengal
|
Not available
|
|
71.
|
URO
Hotels and Resorts India Ltd.
|
|
72.
|
URO
Hygienic Foods Ltd.
|
|
73.
|
URO
Infotech Ltd.
|
|
74.
|
URO
Lifecare Ltd.
|
|
75.
|
URO
Trexim Ltd.
|
|
76.
|
URO
Autotech Ltd.
|
|
77.
|
URO
Agro India Ltd.
|
|
78.
|
URO
Walkers Ltd.
|
Year – 2014-15
|
79.
|
Mangalam
Agro Products Ltd.
|
West Bengal
|
Not available
|
|
80.
|
Ramel
Industries Ltd.
Gan
Laboratory Pvt. Ltd.
Ramel
Mart Pvt. Ltd.
Ramel
Media and Advertising Pvt. Ltd.
Ramel
Real Estate and Infrastructure Ltd.
Ramel
Sea Food Ltd.
Tamanna
IT Solutions Ltd.
Ramel
Pharma Ltd.
Ramel
Hospitality Pvt. Ltd.
Ramel
Infotech Pvt. Ltd.
Ramel
Agrotech Ltd.
Ramel
Hotel & Resorts Pvt. Ltd.
Ramel
Impex Pvt. Ltd.
Ramel
Insurance Agency Pvt. Ltd.
Cygnus
Publishers Ltd.
Ramel
Bio Fertilizer Pvt. Ltd.
|
West Bengal
|
Not available
|
|
81.
|
|
82.
|
|
83.
|
|
84.
|
|
85.
|
|
86.
|
|
87.
|
|
88.
|
|
89.
|
|
90.
|
|
91.
|
|
92.
|
|
93.
|
|
94.
|
|
95.
|
|
96.
|
Rahul
Hi Rise Ltd
|
West Bengal
|
Not available
|
|
97.
|
Shrishti
Abha Food & Beverage Pvt. Ltd.
|
|
98.
|
Rahull
Media & Entertainment Ltd.
|
|
99.
|
Rahul
Wood Works Pvt. Ltd.
|
|
100.
|
Veekayen
Properties Pvt. Ltd.
|
|
101.
|
Hotel
Sea-Coast Pvt. Ltd.
|
|
102.
|
Rahul
Bhumi Vikas Ltd.
|
|
103.
|
Rahul
Heights Ltd.
|
|
104.
|
Rahul
Real Estate Projects Ltd.
|
|
105.
|
Rahul
Inn Hospitality Ltd.
|
|
106.
|
Ideas
Realcon Ltd.
|
|
107.
|
Ideas
Real Estate Ltd.
|
|
108.
|
Ideas
Healthcare Ltd.
|
|
109.
|
Ideas
Broking Ltd.
|
|
110.
|
Zenix
Technologies Pvt. Ltd.
|
|
111.
|
Adventus
Creations PVt. Ltd.
|
|
112.
|
Seashore
Securities Ltd.
|
Odisha
|
Not available
|
|
113.
|
Seashore
Agriculture Promotion Company Pvt. Ltd.
|
|
114.
|
Seashore
Healthcare Pvt. Ltd.
|
|
115.
|
Seashore
Pharmaceuticals Pvt. Ltd.
|
|
116.
|
Seashore
Courier & Cargo Private Ltd.
|
|
117.
|
Seashore
Diary Products Pvt. Ltd
|
|
118.
|
Seashore
Portfolio Management Services Ltd.
|
|
119.
|
Seashore
Consultancy & Construction Private Ltd.
|
|
120.
|
Falcon
Consultancy Private Limited
|
|
121.
|
Royal
Purple Hotels Private Limited
|
|
122.
|
Sagiarien
Systems Private Ltd
|
|
123.
|
Florance
Biotech Private Limited
|
|
124.
|
Saubhagya
Drinks Private Limited
|
|
125.
|
Sri
Krishna Agriculture Pvt. Ltd.
|
|
126.
|
Jatish
Agro and Oil Products Pvt. Ltd.
|
|
127.
|
Sagar
Media & Entertainment Pvt. Ltd.
|
|
128.
|
Seashore
Capital Pvt. Ltd.
|
|
129.
|
Seashore
Shipping Company Pvt. Ltd.
|
Year – 2015-16
|
130.
|
Saradha
Housing Pvt. Ltd.
|
West Bengal
|
Not available
|
|
131.
|
Ambujaatripuri
Infra (India) Ltd.
|
Odisha
|
Not available
|
|
132.
|
Ambujaatripuri
Business Private Ltd.
|
|
133.
|
Artha
Tatwa Consultancy Private Ltd.
|
|
134.
|
Artha
Tatwa World Ventures Private Ltd.
|
|
135.
|
Artha
Tatwa Food Mart Private Ltd.
|
|
136.
|
Artha
Tatwa Capital Limited
|
|
137.
|
Ambujaatripuri
Engineering Private Limited
|
|
138.
|
Orisha
Health & Medical Research Institute
|
|
139.
|
Helios
and Matheson Information Technologies Ltd.
|
Tamil Nadu
|
Not available
|
|
140.
|
Grand Vyapaar
Private Ltd.
|
West Bengal
|
Not available
|
|
141.
|
Ultra Tie-up
Pvt. Ltd.
|
|
142.
|
Happy Tie-up
Ltd.
|
|
143.
|
Saphire
Infradeveloper Pvt. Ltd.
|
|
144.
|
Best Tie-up
Ltd.
|
|
145.
|
Sahu Land
Developers Pvt. Ltd.
|
This information
was given by Shri Arun Jaitley, Minister of Corporate Affairs in written reply
to a question in the Lok Sabha today.
*****
MAM/KA