Press Information Bureau
Government of India
Ministry of Corporate Affairs
22-December-2017 18:32 IST

Corporate Affairs Ministry is actively making investors aware about fraudulent companies

Ministry of Corporate Affairs organises Investors Awareness Programmes (IAPs) in partnership with the three Professional Institutes, namely Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and Institute of Cost Accountants of India (ICoAI), with the objectives of creating awareness amongst the investor about fraudulent schemes and facilitating informed investment decisions. IAPs, in the form of audio visual programmes, are also being organised in the rural areas through Common Service Centres set up under Ministry of Electronics and Information Technology.

Financial allocation for each programme varies between Rs 25,000 to 35,000. At towns and district headquarters levels the programmes are organised through Resource persons (RPs) appointed by the Professional Institutes at a unit outlay @ Rs 5000 each. For North-Eastern states, the financial allocation for each programme is Rs 30,000/- per programme conducted by Professional Institutes and Rs 7000/- per programme conducted through RPs. The expenditure on each programme depends on the number of participants in the programme.

State/UT wise details of the programmes conducted during the current year and last three years along with the funds sanctioned / allocated / utilised under the programme during the said period, State/UT-wise are at Annexure-I.

The Investor Awareness Programmes are conducted to prevent investment in companies floating fraudulent schemes. A list of companies against whom action has been initiated during the years for indulging in Ponzi schemes/ multi-level marketing is enclosed at Annexure II.

This was stated by Shri P.P. Chaudhary, Minister of State for Law & Justice / Corporate Affairs in written reply to a question in Lok Sabha today.

Contents

Annexure-I
Data on Investor Awareness Programme FY. 2014 -15
Regions
States & UTs
IAPs by RDs (Reconciled)
TOTAL IAPs
State wise Funds detail for IAPs
(in Rs.)
Remarks
ICoAI
ICSI
ICAI
Sanctioned
Allocated
Utilised
NR
Haryana
14
114
47
175
3302000
3302000
1010022
Himachal Pradesh
0
0
0
0
0
Jammu & Kashmir
0
0
3
3
35000
Punjab
1
14
14
29
185678
Uttar Pradesh
0
62
138
200
1194812
Uttrakhand
1
4
5
10
125354
Chandigarh
0
1
0
1
25000
Delhi
7
56
32
95
554970
SR
Kerala
2
4
5
11
175137
175137
175137
Andman & Nikobar
0
0
0
0
Pudduchery
0
0
0
0
Tamilnadu
6
39
11
56
1232559
1232559
1232559
WR
Goa
0
4
6
10
4300000
96588
96588
Daman & Diu
0
0
0
0
0
0
Maharashtra
64
106
209
379
4203412
4203412
SER
Karnataka
2
6
14
22
1761000
500000
500000
Andhra Pradesh
2
26
0
28
956000
956000
Telengana
0
0
0
0
ER
Bihar
0
0
19
19
1150000
100000
294500
Jharkhand
0
0
18
18
129652
Odhisha
0
6
17
23
272277
West Bengal
0
4
4
8
225220
NER
Arunachal Pradesh
0
0
0
0
30000
Assam
0
0
1
1
30000
Manipur
0
0
0
0
Meghyala
0
0
0
0
Mizoram
0
0
0
0
Nagaland
0
0
0
0
Sikkim
0
0
0
0
Tripura
0
0
0
0
NWR
Chattisgarh
0
0
0
0
2400000
2280000
0
Gujarat
0
0
110
110
586213
Madhya Pradesh
0
0
37
37
245000
Dadar & nagar Havali
0
0
0
0
0
Lakshadweep
0
0
0
0
0
Rajasthan
0
21
103
124
884396
Total
1359
Data on Investor Awareness Programme FY. 2015 -16
Regions
States & UTs
IAPs by RDs (Reconciled)
TOTAL IAPs
State wise Funds detail for IAPs
(in Rs.)
Remarks
ICoAI
ICSI
ICAI
Sanctioned
Allocated
Utilised
NR
Haryana
6
112
54
172
3750000
3750000
975160
Himachal Pradesh
0
0
8
8
40000
Jammu & Kashmir
0
0
0
0
0
Punjab
0
32
144
176
879000
Uttar Pradesh
8
75
118
201
1215940
Uttrakhand
0
2
1
3
34506
Chandigarh
0
0
1
1
34695
Delhi
0
49
31
80
540000
SR
Kerala
0
2
9
11
133534
133534
133534
Andman & Nikobar
0
0
0
0
Pudduchery
0
0
0
0
Tamilnadu
11
23
28
62
1116466
1116466
1116466
WR
Goa
0
2
2
4
2250000
27920
27920
Daman & Diu
0
0
0
0
0
0
Maharashtra
61
30
88
179
2222088
2291402
SER
Karnataka
1
1
2
4
1500000
81000
81000
Andhra Pradesh
9
22
7
38
901000
901000
Telengana
0
0
0
0
ER
Bihar
0
0
33
33
1600000
1600000
165000
Jharkhand
0
3
2
5
78702
Odhisha
0
4
5
9
149385
W Bengal
0
8
71
79
591172
NER
Arunachal Pradesh
0
1450000
1450000
1350000
Assam
0
2
187
189
Manipur
0
Meghyala
2
8
10
Mizoram
0
Nagaland
0
Sikkim
0
Tripura
1
1
NWR
Chattisgarh
0
0
9
9
5100000
4040000
211324
Gujarat
0
0
63
63
371230
Madhya Pradesh
0
1
371
372
1880000
Dadar & nagar Havali
0
0
Lakshadweep
0
0
Rajasthan
1
23
286
310
2844105
Total
2019
Data on Investor Awareness Programme FY. 2016 -17
Regions
States & UTs
IAPs by RDs (Reconciled)
TOTAL IAPs
State wise Funds detail for IAPs(in Rs.)
Remarks
ICoAI
ICSI
ICAI
Sanctioned
Allocated
Utilised
NR
Haryana
0
72
152
224
2665000
2615000
1178250
Himachal Pradesh
0
0
0
0
0
Jammu & Kashmir
0
0
0
0
0
Punjab
3
13
0
16
75000
Uttar Pradesh
41
32
88
161
782850
Uttrakhand
0
0
0
0
0
Chandigarh
0
1
1
2
30000
Delhi
3
19
22
44
386186
SR
Kerala
0
2
7
9
85000
85000
85000
Andman & Nikobar
0
0
0
0
Pudduchery
0
0
0
0
Tamilnadu
11
17
19
47
715000
715000
715000
WR
Goa
0
0
0
0
1500000
0
0
Daman & Diu
0
0
0
0
0
0
Maharashtra
38
4
38
80
1500000
950153
SER
Karnataka
0
0
1
1
800000
240000
240000
Andhra Pradesh
12
0
5
17
Telengana
2
4
0
6
ER
Bihar
0
1
27
28
1000000
1000000
169998
Jharkhand
0
3
25
28
183534
Odhisha
0
2
8
10
114870
W Bengal
0
7
37
44
507881
NER
Arunachal Pradesh
0
500000
1000000
500000
Assam
0
0
72
72
Manipur
0
Meghyala
0
Mizoram
0
Nagaland
0
Sikkim
0
Tripura
0
NWR
Chattisgarh
2800000
2400000
Gujarat
0
0
206
206
1030000
Madhya Pradesh
0
0
1
1
5000
Dadar & nagar Havali
0
Lakshadweep
0
Rajasthan
1
4
95
100
637197
Total
1096
Data on Investor Awareness Programme FY. 2017 -18 (upto 30.11.2017)
Regions
States & UTs
IAPs by RDs (Reconciled)
TOTAL IAPs
State wise Funds detail for IAPs
(in Rs.)
Remarks
ICoAI
ICSI
ICAI
Sanctioned
Allocated
Utilised
NR
Haryana
0
0
4000000
4000000
105000
Himachal Pradesh
1
1
Jammu & Kashmir
0 0
Punjab 4 4
Uttar Pradesh 16 16
Uttrakhand 0 0
Chandigarh 0 0
Delhi 0 0
SR Kerala 1 1 0 2 1000000 1000000 50000
Andman & Nikobar 0 0 0 0
Pudduchery 0 0 0 0
Tamilnadu 1 1 2 40350
WR Goa 0 0 2500000 150000
Daman & Diu 0 0 0
Maharashtra 16 1 17 2050000
SER Karnataka 0 3 0 3 300000 60000
Andhra Pradesh 0 0 0 0
Telengana 0 0 0 0
ER Bihar nil 1000000 800000 nil
Jharkhand nil nil
Odhisha nil nil
W Bengal nil nil
NER Arunachal Pradesh 0 1 0 1 500000 900000 (including Advance)
Assam 0 1 0 1
Manipur 0 0 0 0
Meghyala 0 1 0 1
Mizoram 0 0 0 0
Nagaland 0 0 0 0
Sikkim 0 0 0 0
Tripura 0 0 0 0
NWR Chattisgarh nil 3000000
Gujarat nil
Madhya Pradesh nil
Dadar & nagar Havali nil
Lakshadweep nil
Rajasthan nil
Total 48
Data on Investor Awareness Programme
Details provided by CSC-egovernance (Rural IAPs)
Regions
States & UTs
2017-18(up to 30.11.2017)
2016-17
2015-16
2014-15
No of IAPs
Fund Sanctioned Allocated & Utilised (in Rs.)
No of IAPs
Fund Sanctioned Allocated & Utilised (in Rs.)
No of IAPs
Fund Sanctioned Allocated & Utilised (in Rs.)
No of IAPs
Fund Sanctioned Allocated & Utilised (in Rs.)
Remarks
Fund sanctioned
Fund Allocated
Fund Utilised
Fund sanctioned
Fund Allocated
Fund Utilised
Fund sanctioned
Fund Allocated
Fund Utilised
Fund sanctioned
Fund Allocated
Fund Utilised
Eastern Regions
Bihar
288
505042.56
UC to be Shared
102
3507240
227460
227460
186
4460000
414780
414780
3050000
Jharkhand
660
1385584.2
58
129340
129340
152
338960
338960
39
396500
396500
Odhisha
624
1322453.9
108
240840
240840
66
147180
147180
41
416833.33
416833.33
W Bengal
580
1136775.2
235
524050
524050
109
243070
243070
90
915000
915000
Northern Regions
Haryana
177
310390.74
135
301050
301050
42
93660
93660
Himachal Pradesh
260
587787.2
Jammu & Kashmir
0
0
Punjab
0
0
Uttar Pradesh
820
1702167.5
156
347880
347880
143
318890
318890
Uttrakhand
290
655608.8
Chandigarh
0
0
Delhi
0
0
Southern Regions
Kerala
0
7912520
0
Andman & Nikobar
0
0
Pudduchery
0
30400000
0
Tamilnadu
0
0
Western Region
Goa
0
0
Daman & Diu
0
0
Maharashtra
0
0
Northern Western Regions
Chattisgarh
450
1017324
51
518500
518500
Gujarat
0
0
Madhya Pradesh
176
308637.12
63
140490
140490
113
251990
251990
46
467666.67
467666.67
Dadar & nagar Havali
0
0
Lakshadweep
0
0
Rajasthan
234
410347.08
134
298820
298820
100
223000
223000
Southern Eastern Regions
Andhra Pradesh
0
0
Karnataka
0
0
Telengana
0
0
Northern Eastern Regions
Arunachal Pradesh
0
0
Assam
288
601391.56
84
187320
187320
14
31220
31220
33
335500
335500
Manipur
0
0
Meghyala
0
0
Mizoram
0
0
Nagaland
0
0
Sikkim
0
0
Tripura
0
0
Total
4847
38312520
9943509.84
1075
2397250
2397250
925
2062750
2062750
300
3050000
3050000
****

Annexure-II

List of companies assigned to SFIO which were involved in Chit Fund/ MLM/ Ponzi activities during the year 2014-15

Sl. No. Investigation case Status
1. Ramel Industries Ltd. Report submitted
2. Gan Laboratory Pvt. Ltd
3. Ramel Mart Pvt. Ltd.
4. Ramel Media and Advertising Pvt. Ltd
5. Ramel Real Estate and Infrastructure Ltd.
6. Ramel Sea Food Ltd.
7. Tamanna IT Solutions Ltd.
8. Ramel Pharma Ltd.
9. Ramel Hospitality Pvt. Ltd.
10. Ramel Infotech Pvt. Ltd.
11. Ramel Agrotech Ltd.
12. Ramel Hotel & Resorts Pvt. Ltd.
13. Ramel Impex Pvt. Ltd.
14. Ramel Insurance Agency Pvt. Ltd.
15. Cygnus Publishers Ltd.
16. Ramel Bio Fertilizer Pvt. Ltd.
17. Mangalam Agro Products Ltd. Report submitted
18. Rahul Hi Rise Ltd. (+ 15) Report submitted
19. ShrishtiAbha Food & Beverage Pvt. Ltd.
20. Rahul Media & Entertainment Ltd.
21. Rahul Wood Works Pvt. Ltd.
22. Veekayen Properties Pvt. Ltd.
23. Hotel Sea-Coast Pvt. Ltd.
24. Rahul Bhumi Vikas Ltd.
25. Rahul Heights Ltd.
26. Rahul Real Estate Projects Ltd.
27. Rahul Inn Hospitality Ltd.
28. Ideas Realcon Ltd.
29. Ideas Real Estate Ltd.
30. Ideas Healthcare Ltd.
31. Ideas Broking Ltd.
32. Zenix Technologies Pvt. Ltd
33. Adventus Creations Pvt. Ltd.
34. Seashore Securities Ltd. (+17) Report submitted
35. Seashore Agriculture Promotion Company Pvt. Ltd.
36. Seashore Healthcare Pvt. Ltd.
37. Seashore Pharmaceuticals Pvt. Ltd.
38. Seashore Courier & Cargo Private Ltd.
39. Seashore Diary Products Pvt. Ltd
40. Seashore Portfolio Management Services Ltd.
41. Seashore Consultancy & Construction Private Ltd.
42. Falcon Consultancy Private Limited
43. Royal Purple Hotels Private Limited
44. Sagiarien Systems Private Ltd
45. Florance Biotech Private Limited
46. Saubhagya Drinks Private Limited
47. Sri Krishna Agriculture Pvt. Ltd.
48. JatishAgro and Oil Products Pvt. Ltd.
49. Sagar Media & Entertainment Pvt. Ltd.
50. Seashore Capital Pvt. Ltd.
51. Seashore Shipping Company Pvt. Ltd.

List of companies assigned to SFIO which were involved in Chit Fund/ MLM/ Ponzi activities during the year 2015-16

Sl. No. Investigation case Status
1. Saradha Housing Pvt. Ltd. Report submitted
2. Ambujaatripuri Infra (India) Ltd. (+7) Report submitted
3. Ambujaatripuri Business Private Ltd.
4. ArthaTatwa Consultancy Private Ltd.
5. ArthaTatwa World Ventures Pvt. Ltd.
6. ArthaTatwa Food Mart Private Ltd.
7. ArthaTatwa Capital Limited
8. Ambujaatripuri Engineering Pvt. Ltd.
9. Orisha Health & Medical Research Institute
10. Goldmine Food Products Ltd. (+7) Report submitted
11. Goldmine Agro Ltd.
12. Classic Resources Ltd
13. Goldmine Industries Ltd.
14. Goldmine Height Pvt. Ltd
15. Goldmine Hotel & Resorts Pvt. Ltd.
16. Goldmine Advisories India Pvt. Ltd.
17. Goldmine Health Care Pvt. Ltd.
18. Samruddha Jeevan Foods Ltd. Under Progress
19. Sai Prasad Foods Ltd. Under Progress
20. Sai Prasad Properties Ltd.
21. Saiprasad Corporation Ltd.
22. Utkarsha Plotters and Multi Agro Solutions India Ltd. Report submitted
23. PGF Ltd. Under Progress
24. PACL Ltd.
25. Jeevan Suraksha Trading & Financials Ltd (+5) Under Progress
26. Jeevan Suraksha Real Estate Ltd.
27. Jeevan Suraksha Energy & Industries Ltd.
28. Jeevan Suraksha Mercantiles Pvt. Ltd.
29. Jeevan Suraksha Assurance Agency Pvt. Ltd.
30. Jeevan Suraksha Associates Marketing Pvt. Ltd.
31. Chakra Infrastructure Ltd.(+7) Report submitted
32. Chakraborty Estates Pvt. Ltd.
33. Chakra Agrotech Private Limited
34. Chakra Wealth Management Advisory Limited
35. Chakra Hotel and Leisure Limited
36. Chakramart Retail India Limited
37. Jai Sadguru Advisory and Agency Services Pvt. Ltd.
38. Disha Productions & Media Pvt. Ltd
39. MPS Greenery Developers Ltd.(+7) Under Progress
40. MPS Food Products Ltd.
41. MPS Resorts and Hotels Ltd.
42. MPS Aqua Marine Products Ltd.
43. MPS Industries &Agro Research Ltd.
44. MPS Ayurvedic & Herbal Products Pvt. Ltd.
45. MPS Real Estate & Infrastructure Pvt. Ltd.
46. MPS Retails and Fast Food Pvt. Ltd.
47. Promotech Infratech Ltd. Report submitted

List of companies assigned to SFIO which were involved in Chit Fund/ MLM/ Ponzi activities during the year 2016-17

Sl. No. Investigation case Status
Maitri Suvarnasiddhi Pvt. Ltd. Under Progress
Goldmine Animal Husbandry Pvt. Ltd 30.09.2016
Prayag Infotech Hi-Rise Ltd. (+21) Under Progress
Prayag Infotech Network Pvt. Ltd. (PINPL)
Prayag Organics Pvt. Ltd. (POPL)
Prayag Hotel & Resorts Pvt. Ltd. (PHRPL)
Prayag Entertainments Pvt. Ltd.(PEPL)
Prayag Infra Realtors Ltd. (PIRL)
Samudra Villa Pvt. Ltd. (SVPL)
Prayag Aviation Services Pvt. Ltd. (PASPL)
GP Cement Works Pvt. Ltd (GPCWPL)
Prayag Fisheries(India) Pvt. Ltd. (PFTIPL)
Prayag Film & Television Industries Pvt. Ltd.
Maks Biscuit Pvt. Ltd. (MBPL)
Insec Security & Services Pvt. Ltd (ISSPL)
Royal Concrete Products Pvt. Ltd. (RDPPL)
Prayag Publication Pvt. Ltd. (PPPL)
Prayag Bio-tech Pvt. Ltd. (PBPL)
Prayag Diagnostic & Research Centre Pvt. Ltd.
Prayag Micro Finance (PMF)
Fayed Hospitality Pvt. Ltd. (FHPL)
Sashi Kumar Tea Company Pvt. Ltd. (SKTCPL)
Klen Commercials Pvt. Ltd. (KCPL)
Prayag & Prayag Multicare Pvt. Ltd (PPMCPL)
Okara Agro Industries Limited and other group of Companies Under Progress
Ablaze Info Solutions Pvt. Ltd Under Progress
URO Enclave India Ltd. (UROEIL) Under Progress

List of companies assigned to SFIO which were involved in Chit Fund/ MLM/ Ponzi activities during the year 2017-18 (till 18-12-2017)

Sl. No. Investigation cases Status
1. Safe and Secure Online Marketing Pvt. Ltd. Under Progress
2. Webwork Tradelinks Pvt. Ltd. and its 04 Group companies Under Progress
3. Adds Book Marketing Pvt. Ltd. Under Progress
4. Aage Infra Ventures Pvt. Ltd. Under Progress
5. AARVANSS CC Infra Pvt. Ltd. Under Progress
6. Sage FMCG India Ltd. Under Progress
7. Greenray International Ltd. and its 03 group companies Under Progress
8. Greenray Pharmaceutical Private Ltd.
9. Greenray Foods & Nutrients Private Ltd.
10. Greenray Allied Chemicals Ltd.
11. Waris Healthcare Ltd.
12. Waris Tel International Ltd.
13. Waris Finance & Investment Ltd.
14. Waris Trading & Company Private Ltd.
15. Waris Foods & Beverages Private Ltd.
16. WarisHimgharPriavte Ltd.
17. Waris TV Broadcasting Pvt. Ltd.
18. Waris Micro Finance
19. Shane Restaurants & Resorts Ltd.
20. Eram Infrastructure Ltd.
21. Agartala Food Processing Pvt. Ltd.
22. Eram Jewellery Ltd.
23. Vishal Finlease Ltd.
24. Waris Herbal Products Pvt. Ltd.
25. Waris Real Estate Pvt. Ltd.
26. Waris Capital Finance Ltd.
27. Harsh Plantation Ltd.
28. Lopax Marketing Pvt. Ltd.
29. Arshdeep Finance Ltd.
30. Shree Manufacturing Co. Ltd.
31. Warsi Producer Company Ltd.
32. Wellfare Buildings and Estates Private Limited. Under Progress
33. OkaraAgro Industries Limited and other Okara group of companies Under Progress
34. MAITRI SUVARNASIDDHI PRIVATE LIMITED Under Progress
35. Prayag Infotech Hi-Rise Ltd. (+21) Under Progress
36. Prayag Infotech Network Pvt. Ltd. (PINPL)
37. Prayag Organics Pvt. Ltd. (POPL)
38. Prayag Hotel & Resorts Pvt. Ltd. (PHRPL)
39. Prayag Entertainments Pvt. Ltd (PEPL)
40. Prayag Infra Realtors Ltd. (PIRL)
41. Samudra Villa Pvt. Ltd. (SVPL)
42. Prayag Aviation Services Pvt. Ltd. (PASPL)
43. G P Cement Works Pvt. Ltd. (GPCWPL)
44. Prayag Fisheries (India) Pvt. Ltd. (PFIPL)
45. Prayag film & Television Industries Pvt. Ltd. (PFTIPL)
46. Maks Biscuit Pvt. Ltd. (MBPL)
47. Insec Security & Services Pvt. Ltd. (ISSPL)
48. Royal Concrete Products Pvt. Ltd. (RDPPL)
49. Prayag Publication Pvt. Ltd. (PPPL)
50. Prayag Bio-tech Pvt. Ltd. (PBPL)
51. Prayag Diagnostic & Research Centre Pvt. Ltd. (PDRCPL)
52. Prayag Micro Finance (PMF)
53. Fayed Hopitality Pvt. Ltd. (FHPL)
54. Sashi Kumar Tea Company Pvt. Ltd. (SKTCPL)
55. Klen Commercials Pvt. Ltd. (KCPL)
56. Prayag&PrayagMulticare Pvt. Ltd. (PPMCPL)
57. Ablaze Info Solutions Pvt. Ltd Under progress
58. Safe and Secure online marketing Pvt. Ltd. Under progress
59. Webwork Trade Links Private Limited and its 04 group companies Under progress
60. Adds Book Marketing Private Limited
61. Aage Infra Ventures Private Limited
62. Aarvanss CC Infra Private Limited
63. Sage FMCG India Limited

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Category : Company Law (3706)
Type : News (13422)
Tags : Companies Act (2171) Companies Act 2013 (1944)

One response to “Govt actively making investors aware about fraudulent companies”

  1. K.Ajay kumar says:

    Dear TG team,

    am the subscriber of ” Own your house plot scheme agreement bond” of your Wellfare buildings& Estates private limited company. I have paid Rs 72000( Rs 2000*36 months) under the scheme and surrendered the original bond in Nizamabad office ( at pusala galli) on the 28th March,2017 as scheme was ended on the same date, but the maturity amount of Rs 1,04,683/- has been not credited nor cheque has been given till date and I am the sufferer who continuously visiting your branch offices from past 9 months and forwarded many emails .

    Kindly suggest in this regard to claim my amount

    K.Ajay kumar
    9440787161

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