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Basil International Limited - DUBIOUS NATURE OF OPERATION

 
11 Reviews
User
  shibaji
Respected Sirs,
The undersigned is an individual living in Berhampore-742101,Murshidabad,West Bengal. I have this query regarding a company named “BASIL INTERNATIONAL LIMITED”. Regd. No. 55-87010 and having a corporate address at B-1/24,Sector-A, Aliganj, Lucknow-226024. The branch code of this company of the berhampore office is 7108M. I have RECCURING DEPOSIT ACCOUNT with them, and that account number is BIL – 133606. The sales agent code is 00000007108M. Further there is another code given in my PASS BOOK, which is APPL No. :- 11196338.
The thing that is irking me is the name of this company keeps changing. Firstly it used to be called APPELINE, then it turned to BASIL INTERNATIONAL LIMITED, and at present it has again turned to TOGO RETAIL MARKETING INDIA. However no advertisement of these changes appear in any newspaper, neither is any effort made to inform the investors like us, about the changes in the company. At present money receipts are given in the name of BASIL, however the office premises in berhampore carries a sign board naming TOGO RETAIL. The office bearers also say that there is no further existence of the company named BASIL. All this leads to a lot of ambiguity, and headaches for small investors like us. We have no way to verify the credentials of the company, or whether it has all the necessary clearances to raise money from the public. It’s a clear breach of our RIGHT TO INFORMATION about the company we are investing with.
Further, I would like to draw your attention to an article appearing in a BENGALI VERNACULAR daily named “PRATIDIN” on the 17th June 2010, stating an operation by the GOVT. OF TRIPURA, in sealing certain offices of NBFCs, and also stalling all operations of the same. Among other companies, the first name that appeared in the newspaper was that of “BASIL INTERNATIONAL LIMITED”. The article stated that all offices and finance institutions which don’t have requisite R.B.I clearances will not be allowed to operate in TRIPURA. So does that mean BASIL does not have such clearances? Why, otherwise was there offices sealed and operations stalled? Due to this article, I am in a state of panic, and so is, I am sure, a lot many people who have accounts with BASIL? I am unsure whether to carry on with the RECURRING DEPOSIT or not. Even if I stop depositing the monthly money, there agent says that I wont be able to withdraw the money that have so far accumulated with them, until the maturity date in 2012. They is no provision of premature withdrawal, they say. However other institutions like the POST OFFICE, NATIONALISED BANKS do allow such premature withdrawals. A person can get into any emergency, or sudden acute financial crisis, then in such situations don’t we have the right to ask for our money back?
I would like to know certain things mentioned under:-
1)If in any situation the above mentioned institution goes bankrupt or just close down offices without paying our due, who will be responsible for that?
2)Will the R.B.I pay our dues?
3)Given the apparent dubious nature of operations of the company, what steps are you taking to ensure the interest of small investors like us, from any such cheating if/when it occurs?
Thanks & Regards,
Shibaji Sarkar.
Mail-- shibaji.sarkar@gmail.com
20/06/2010
Complaint comments 10 Comments     Updated:
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Comments

 
sir ami 500 taka kore duto boi korechilam 3years jonno. Amake akta boier taka dieyche 20500. arakta boier taka paini aj 1years 10manth hoye gache. sudu amake aj kal kore ghorache. abar kali pujoy boleche. arokom kore ar koto din opekha korbo.ami ki taka pabo. Amar name prosenjit ghosh 8013810174 . plaece helf helf
 
Bsil is totaly fraud company. Pls don't invest any body in this company. People of Asam, West bengal and orissa are facing so many problems and not geting their maturity money.
N Feb 10, 2011 by
User
tanakole  
 
basil international limited regd. no is 087010.but basil international limited, travel tourism @cultural division code no is 5587010. why the diffren?
basil international is under the sebi?
basil international limited is under the rbi?
plece reply the e-mail tana_mamon@rediffmail.com
N Jun 30, 2011 by
User
arunbehera  
 
BASIL INTERNATIONAL LIMITED IS A VERY GOOD COMPANY FOR THE INVESTOR AND FOR THE AGENT. BASIL INTERNATIONAL IS A PROJECT BASED COMPANY. BASIL CHEMICAL AND ADDITIVES LIMITED IS UNDER SEBI. DON'T WORRY INVEST IN THIS COMPANY. THERE IS NO COMPLAINT REGARDING THE MATURITY IN OUR JHARSUGUDA BRANCH.

ARUN BEHERA JHARSUGUDA ODISHA
9438284515
N Jul 17, 2011 by
User
Savepublic  
 
To the Agent's, customers, and Official Staff's
This is the right time to take action against the company, As everybody knows that this company is cheating public without paying their maturity, All is come to known that they are only filling up their account's after that registering the projects in their own names, It is also known to all, that company is not paying the customers payment in time, so it's right for all the customers and agent and official staffs to lanch complain to their own nearest police station and also to the higher authority that the management indivision office is not taking any inaceative in favour pf the customers, so it the time to all the agents, customer's, official's staff of every branch to get together and take action so one have to conduct link so every body include their own ph.no to contact,
My ph:-8794784624 so call me...to get togrther.
N Jul 17, 2011 by
User
Savepublic  
 
To
The customer's, Agent's and Official staff's.
Of Basil International Ltd.

Any kind of offence and non-payment against the company with proper documents and describtion send in
savepublic123@gmail.com, so that avidence can be provided during the process... and do not faill to send your mail ID or ph No:...

Lets come together to beat up the management for their ill treatment against the customer, agent and Official's Staffs, hope better for your future...
N Jul 17, 2011 by
User
Savepublic  
 
To
The customer's, Agent's and Official staff's.
Of Basil International Ltd.

1. Basil is not registered by SEBI.
2. Basil is not registered by RBI.
3. Basil Bord of Directors changes after each interval i.e after their A/C is full.
4. Basil Management is the most hopeless management ever faced.
5. Basil do not have it's own product or production center.
6. Basil changes it's name to cheat public i.e assending order:- Vercetile Grops, Basil Express, Nixcil, Appeline, Vemshi, Now Basil International Ltd and more to come...

share your feelings with avidence and wright me at savepublic123@gmail.com
do not fear u r not a cheater like the basil International Ltd. I M WITH YOU... WITH LEGAL PERSON'S

Every One's well wisher...
N Jul 17, 2011 by
User
Savepublic  
 
Mr.Arubehera

Your branch do not have any problem of maturity. But r u sure that your branch will not face the problem like the other branch in future, just take a report on other branches too u will be aware of u r future...like Malda, silchar, Tinsukhia, Karimganz, Tripura, having prob...due to non payment of maturity if u were one of the victim's of those branch u would know the live view ...

your well wisher... savepublic123@gmail.com
N Jan 31, 2012 by
User
dayanithi.s  
 
I request to Basil management that, The poor village people are depositing money from cutting their food daily. So dont take benifit of their ignorant.
N Jul 18, 2012 by
User
dipak ranjan saha  
 
amara agartalar agent ra more jacchi ai basil company te kaj kare company taka dicche na, amara ki dush karlam? peter daye kaj karechilam

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    Basil International Limited - DUBIOUS NATURE OF OPERATION