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MPS GREENERY DEVELOPERS LTD

 
79 Reviews
Somnath Dutta Send email

CHEAT OF MONEY

Dear Sir
This is to inform you that i had five Orchard Bonds ( Rs 20000.00each) of MPS Greenery ltd, Due to my sister mirage I was withdraw the amount after thirteen month later of deposit. But the time of premature they deduct 32700.00 rupees as Agent commission ( I was paid the amount helplessly ), Which was not in terms and condition. I submit my complain in SEBI ( Date 28/03/2008, 22/08/2008, 6/10/2009 ) and Lake town Police Station (date 15/02/2008 ) but getting no result. Hope you will help me. Please let me know how I get my money back with interest and compensation. Presently I pay very high interest against the amount.

Thanking you
Somnath Dutta


78 Comments

Comments

PRITAM SAU Send email
 
why you read all terms & condition????? as our comapany condition is no premature case.
 
Mr. Somnath Dutta i think you had purchased five FD of orchard bond for maturity tenure of either 36/60/75/84/120 months. as becoz of your sister marriage you requested for prematurity AFTER 13 MONTHS i.e you broke the terms and conditions of the bond and as far i know there is no prematurity and loan case against any bond. there is no forfeiture case also i.e the good part of this company.IF IT IS TRUE THAT THE COMPANY RETURNED YOU THE MONEY YOU RECEIVED AT PREMATURITY, IT IS YOUR GOOD LUCK. This company gives the full maturity amount as shown at the time of purchase of bond, at the date of maturity if that date is not holiday or Sunday. even in case of recurring bond if you do not paid the full tenure like for a 36 month recurring you paid for 24 months and then you stop, your bond will not be forfeited, after 36 month you will get your principal amount along with necessary yield but the rate of coupon will be reduced for not paying the full tenure. again i say THERE IS NO PREMATURITY CASE IN ANY BOND OF MPS GDL. EVEN TILL NOW IT HAS NO CHEQUE BOUNCE CASE. AND THIS COMPANY IS GROWING IN HIGH SPEED OF TURNOVER. IT IS SAFE TO INVEST IN MPS GDL AS ITS FUTURE IS LOOKING TOO MUCH BRIGHT. I THINK MPS WILL BE GOOD BRAND IN NEAR FEW YEARS. IT HAS GOT 60 NATIONAL AND INTERNATIONAL AWARDS IN ITS 15 YEARS LIFE. NOW ITS ASSETS LIABILITIES RATIO IS 4:1, THERE ARE COUNTABLE COMPANIES WHO HAS THIS RAIO. IT SHOWS ITS STRENGTH.
 
I am approached by the one of the agent of the company to buy a fixed deposits bond, he offered me an attractive returns on maturity which is much better proposal than the post office/banks proposal.

Now I wants to know that wheather this company has got the neccessary permission from the concerned authority like RBI/SEBI etc etc to deal with the public money ? my agent was not clear on this point.


Sukumar Roychowdhury
 
You can't get it as it's close ended bond and you gone for the bond after knowing there will be no prematurity. Just because it's close ended. If you think that it is illegal then you're wrong.This company always abides by the rule and TAKE IT FOR GRANTED THIS COMPANY HAS NEVER CHEATED ANYONE .THIS IS NOT OTHER FAKE COMPANY LIKE RAMMEL, ICORE, ALCHEMIST ---THEY HAVE NO SEBI REGISTRATION.BUT MPS HAS.Law can't help you.
 
I am bhajan sarkar would like to know that is your company private ltd. or public ltd. If I invest money in mps greenery developers ltd.is my money will remain secured?
 
I WAS WORKING MPS GREENERY DEVELOPERS LTD. AT P-112, BLOCK-B, LAKETOWN KOL-89 FROM 1ST AUG'2003, LAST DESIGNATION WAS EXECUTIVE ( DOCUMENTETION DEPT.) AND RESIGNED ON 25/6/2010. TILL TODAY I DID NOT GET MY STATUTORY DUES i.e GRATUITY, LAST MONTH SALARY, ENCASHMENT OF LEAVE, BONUS, PROVIDENT FUND.

M.D, MR P N MANNA REFUSED TO PAY MY STATUROTY DUES.

SAMIDH BHATTACHARYYA
 
I am Suraj kumar das would like to know that is your company private ltd. or public ltd. Is it a SEBI registred company?
If I invest money in mps greenery developers ltd.is my money will remain secured?
 
dear sir, please submit SEBI/ILFS/IRDA certificate for this company.i know MPS is a very good company
but every people will see this company profile.please please help us.

joyanto roy
Jan 13, 2011 by
indrajitmondal
 
I am Indrajit mondal want to know SEBI certificate for this company, also interested invest money. please submit companies certificate.
Jan 19, 2011 by
buchu
 
dear sir, i know MPS is a very good company but every people will work with 1 years policy, like daily account.RD system.please please help us.
Jan 31, 2011 by
Abhijit Bhaowal
 
Dear All,

Myself Abhijit Bhaowal a Marketing Member of MPS Greenery Developers Ltd, phone number – 9477016186, would like to share this information with you that, MPS Greenery Developers Ltd. has got the Provisional Registration from SEBI in respect of Collective Investment Scheme. You may find the same in the Website of SEBI as I saw.

Apart from that, ICRA assigns CS 4 rating to MPS Greenery Developers Limited.

The Provisional Registration & CS 4 rating certificate is attached for your ready reference.

Thanks,

Provisional Registration to MPS Greenery Developers Ltd.
(subject to conditions-kindly see below):-



1.Name MPS GREENERY DEVELOPERS LTD.
Registration No. PROVISIONAL REGISTRATION GRANTED
Contact Person PRAMATHA NATH MANNA
Registration Expires on
Registered Office Address MPS ENCLAVE
COMMERCIAL BUILDING
VILL.: DIGHISOLE, P.O. DAHIJURI
JHARGRAM, WEST MIDNAPORE, WEST BENGAL
721504
Correspondence Address MPS ENCLAVE
P-166, BLOCK-B, LAKE TOWN
KOLKATA, WEST BENGAL
700089
Phone 033 30907000 / 7001 / 7061

Fax 033 30907002 / 7112
Email




The conditions of provisional registration are as under:

a) The entity shall not launch any new scheme or raise money from the investors even under the existing scheme, unless a certificate of registration is granted to the entity by the Board under Regulation 10 (please refer to Regulation 69 of the captioned Regulations)

b) The entity shall get its existing scheme(s) rated by a credit rating agency within two years from the date of grant of provisional registration;

c) The entity shall get its existing scheme(s) audited by an auditor within a period of two years from the date of grant of provisional registration;

d) The entity shall get its existing scheme(s) appraised by an appraising agency within a period of two years from the date of grant of provisional registration;

e) The entity shall create a trust and appoint trustees in the manner specified in Chapter IV of the captioned Regulations within a period of two years from the date of grant of provisional registration;

f) The entity shall comply with accounting and valuation norms, in respect of its existing scheme(s), as specified in Part-II of the Ninth Schedule to the captioned Regulations within a period of two years from the date of provisional registration;

g) The entity shall meet the minimum net worth of Rupees one crore within one year from the date of grant of provisional registration which shall be increased by Rupees one crore each within two years, three years, four years and five years from the date of grant of provisional registration;

h) The entity shall not dispose off the scheme property except for meeting obligations arising under the offer document of the scheme;

i) The entity shall comply with the conditions specified in Regulation 11 of the SEBI (CIS) Regulations, 1999; The entity shall forthwith inform the Board of any material change in the information or particulars previously furnished which have a bearing on the provisional registration granted to the entity;

j) The entity shall comply with the Code of Conduct as also other instructions and other operational guidelines / directions / instructions etc. as may be issued by SEBI from time to time in the interest of investors. Any breach thereof would be treated as violation of the Regulation making the entity liable for action under the provisions of the said Regulations / SEBI Act, 1992;

k) The entity shall keep and maintain the books of accounts and documents as specified in Regulation 40 and such other documents as may be required by the Board under the said Regulation from time to time and shall preserve the same for the minimum period as specified in the Regulations;

l) The entity shall abide by the SEBI (Collective Investment Schemes) Regulations, 1999 as amended from time to time in respect of the activities carried on by the entity.
Feb 4, 2011 by
SAMIDH
 
Dont invest this company your hard earn money. They never have any kind of RBI authorization. SEBI ordered for closed this company in 2003. The concept of Teak Bond totally fake. Their project at Jhargram and Food Products only show business. They misused the public money. If new investment will stop the Company will be closed.
Feb 19, 2011 by
gaurabdas
 
Sir,
I want to know whether you got "CERTIFICATE OF OF REGISTRATION". Your company only got provisional registration by which you cannot raise money even for existing project.
GAURAB DAS
Mar 1, 2011 by
catch_abhi25@yahoo.co.in
 
Dear All,

Myself Abhishek Das a Marketing Member of MPS Greenery Developers Ltd, Contact Number – 9883500099, would like to share this information with you that MPS Greenery Developers Ltd. has got the Provisional Registration from SEBI in respect of Collective Investment Scheme. You may find the same in the Website of SEBI. Few steps how you can check it. Copy and paste the below URL in your address bar.

http://www.sebi.gov.in/Index.jsp?contentDisp=Section&sec_id=6

After that click on Recognised Intermediaries. Then click on Registered Collective Investment Management Company. here you can see the name of MPS as provisional registered with SEBI

Apart from that, ICRA assigns CS 4 rating to MPS Greenery Developers Limited.

If anyone of you is interested to know more about the company and see other certificate and details please do call me in 9883500099 or mail me in catch_abhi25@yahoo.co.in

I will be pleased to help you with your queries.

Thanks,
Abhishek
Mar 7, 2011 by
svnkr123
 
My self SUVANKAR BANERJEE a Marketting Member of Mps Greenary Development Lt. The Company is very much strong regarding Fundamental.The Company is the Onle one which is registered in SEBI .If any body want to invest in this company requested to call me. Your investment will be secured with highest return.
Suvankar Banerjee.
Konnagar, Hooghly.
9434101410 / 9433331551
Mar 18, 2011 by
urguide
 
MPS is the best option for people to invest their hard-earned money...

Contact me for your future:~

Jayanta Dhar

9038333717
Apr 1, 2011 by
tarun Dutta
 
only alchemist ltd is genuine and Recognized by sebi



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If you had invested…more details 9732558439
Apr 6, 2011 by
inswgho
 
I have made investment of Rs 100, 000.00 for a period of 6 years where I was told by the marketing agent that Rs 950.00per month will be credited to my bank account evey month and at the end of 6th year I will get my money back with a bonus of Rs 5000.00.
I want to know some one from the company whether it is OK or not,
May 22, 2011 by
buchu
 
dear sir,
mps groop is a very very good company.many people want 1 years RD.so please open 1 years RD
policy.please help us.
PRODIP MANNA
BASIRHAT SADAR
Jun 1, 2011 by
skg_sg2002
 
Dear Friends,

I am a central govt. employee. My name is S.K. Ghosh. I have read all the details about company. Please do not accept all the negatives. We have the positives.

Can you tell me that now anyone have the permission to work under CIS? Only MPS have filed before SEBI for provisional registration. It has already got ratings and recently it has revised the commission structure as per SEBI guidelines. Within couple of months it will get final registration from SEBI.

I am writing before SEBI under RTI Act for the status of MPS about registration in CIS.

If anybody wants to enquire they can contact me time to time in my mobile 8420999103

Santu Kumar Ghosh
Kolkata

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