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PACL India Ltd |
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17 Reviews
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nanu2010
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Fully Totaly Fraud Company
Warning !!
Please do not invest in fraud chit fund company as PACL (New name Sterling).
PACL India ltd yes comapny band ho rahi hai hai re-launch name is sterling jaise pehle bhi iske sath hua hai pfg to pacl, yes koi govt sector ki company nahi hai its totaly fraud company
Company Address: Gopal das Bhawan, 7th floor, Barakhabh Road CP, New Delhi
ph: 011-43650000
MD Name: Mr Bhangu
Admin Inchareg name: Mr Jaspreet
HR Head: Mr Ghayse
Operation Head: Mr Jyotinarayan
company kabhi bhi band ho sakti hai isliye koi bhi investment mat karo bilkul bakwas company hai...
baki app sab ke marzi?
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 16 Comments |
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Fraud Company - PACL India Ltd PACL India ltd yes comapny band ho rahi hai hai re-launch name is sterling jaise pehle bhi iske sath hua hai pfg to pacl,yes koi govt sector ki company nahi hai its totaly fraud company
Company MD Name: Mr Bhangu
Admin Inchareg name: Mr Jaspreet
HR Head: Mr Ghayse
Operation Head: Mr Jyotinarayan
company kabhi bhi band ho sakti hai isliye koi bhi investment mat karo bilkul bakwas company hai.........
baki app sab ke marzi?
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pacl india ltd.company. rbi rulles no fallow
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hi, am vinod dhakad from jaipur.pacl me jo money jma hai, its returned yas&no?
yadi RBI ko farji companiyo ke bare me pta hai, to seel kyo nahi karti?so jo bhi hai plz refund all pament
thanks-9351404000
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i investment what shall i do
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Seems to be Fraud Company. They have plenty of commission Agent in Himachal Pradesh. their Office is in Dharamshala & collecting Money as RD & FD. Many POOR people have invested with them to get Handsome RETURN which their Agents are promissing at the time of LURING the people. Police in H.P. must take immediate action.
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i am allready invested more then 2lack rupees, my policy will Maturity on march-2013 and if policy maturity i will get more then 4 lack rupees ... like this situation what should i do
if i take my money back they are not giveing interest ...?
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Pacl is one of the fraud company. Agents who are supporting it are those peoples who are with PACL for a long time and getting commission+scooter+car as incentives every year by befooling innocent peoples. They are to left there techniques and do something better to the society because when anger of people rises then nothing remains silent. Why PACL agents telling the stories of UNA, KATANI, GWALIOR, MANDI where company offices are close and people are moving door to door for there hard earned money.
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mai yeh puchana chatha hu ki pacl ka mangemant itna naram kyo hai. kya pacl ne gwalior high court aur waha ke collector sahab ko cunotih kyo nahi di.kya pacl ki kuch branch band hone se ushki image per koi iffect naho pad raha . ish jawab do aur madhya pradesh ki branch starts kharo taki sabhi ke man se dhar hut jaye.
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pacl is an excellent company
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PACL is very good company and it is not a fraud company
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PACL is the No. 1 Company in the WORLD. . . .agr ap chahte hai apne paise ki security or apne paise ki Badhautri to fir PACL ko chod kar mat kahi or bhatke kyuke PACL deti hai hamare paise ki sahi Keemat...BY:- S. Bhatta chariya (Controller Real Estate)
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Real estate firm office raided
A team of Crime Branch sleuths have sealed the office of Pearls India Limited (PACL), a real estate development firm, here after a day-long raid on its premises in connection with a case registered under the Money Chain Act by the Thalassery police in 2011.
According to sources, a team led by Superintendent of Police (Economic Offence Wing) P.A. Valsan raided the office from 11 a.m. to 6 p.m. Documents relating to nearly Rs.33 crore collected from around 20, 183 customers from the district were seized, a Crime Branch official said.
The PACL offices in Kozhikode and Thrissur were raided by the Crime Branch on December 1 and 2 respectively. Both offices were sealed and documents showing clash transactions to the tune of Rs.267 crore seized from Kozhikode and of Rs.592 crore from Thrissur.
‘‘We are in the process of ascertaining whether they have been issued licence to collect money from people. They collected money under the guise of offering land in major cities in States including Madhya Pradesh, Rajasthan, and Andhra Pradesh as per a cash-down payment plan and an instalment payment plan, ’’ the official added. But the customers have not been provided with land against the payment, he said.
A case was registered by the Thalassery police when agents of PACL collected huge amounts of money from a number of people at Sarada Krishna Aiyar Auditorium in the town in 2011.
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The police has been asked to verify complaints from Mumbai-based investors against the PACL realty; firm denies any wrongdoing.
The Securities and Exchange Board of India (SEBI) has initiated investigations into alleged money raising by PACL India, a Jaipur-based real estate company, following complaints by some investors here.
The market regulator has asked the city police to verify the claims and file a first information report (FIR), if necessary, according to two people familiar with the development.
According to some reports, the group raised over Rs.20, 000 crore by taking deposits from investors to book a plot of land. Investors alleged PACL India concealed vital information about its legal proceedings with SEBI. They’ve also separately filed complaints with the city police. A senior police official said, “We are investigating.”
The investors said they had been granted time to meet SEBI Chairman U K Sinha.
The PACL spokesperson has, however, denied any complaints, saying: “The information seems to be misguided and incorrect, as PACL, a closely-held real estate company, and its business, are not regulated by SEBI. We are not aware of any such complaint and if any such complaints or inquiries arise, these will be dealt with at an appropriate forum.”
The company statement went on to add that since the matter was sub judice, they would discourage all speculative statements, which may have been made by business rivals.
“If any such complaint is filed before SEBI, we are hopeful that in consonance with the principles of natural justice, we will be given a proper opportunity of hearing, before any view is taken on the matter. We make all necessary disclosures to our investors as per the regulations applied to our business, ” the statement added.
In a written response to the investors, SEBI said, “Neither PGF Ltd nor PACL India is registered with SEBI as a collective investment scheme (CIS). Vide order dated June 24, 2002, chairman, SEBI, held that the schemes floated by the company fell squarely within the definition of CIS and that, therefore, the company was required to comply with provisions of SEBI (CIS) Regulations, 1999.”
The company challenged the order in the Rajasthan High Court, which ruled in the former’s favour. “The high court’s order has been challenged by SEBI before the Supreme Court of India, where the proceedings are still pending, ” SEBI said.
PACL was originally incorporated as Gurwant Agrotech in 1996, a company selling magnetic pillows and other therapeutical products. It subsequently changed its name to Pearls Agrotech Corporation and PACL India. Between 1996 and 1998, Nirmal Singh Bhangoo was a Director of the company. Bhangoo was also the Chairman and Managing Director of Pearls Golden Forest Ltd (subsequently named PGF Ltd). PGF Ltd and PACL Ltd followed similar business models.
Both PACL and PGF were declared as CIS by SEBI and were directed to be registered under the relevant SEBI rules in 2002. Both companies contested the orders in the high courts of Rajasthan and Punjab, respectively.
While the former HC upheld the SEBI order against PGF, the Rajasthan High Court said the business of PACL did not come under CIS regulations of SEBI. Both orders were challenged at the apex court, where the proceedings are pending.
“Both companies have common directors, ownership is common and their modus operandi is similar. They are part of the same group, ” said one of the complainants. SEBI has also argued to the SC, in connection with PGFL’s appeal, on the linkages between PGFL and PACL.
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PACL is a very good company. Till date it has been working as a committed company. Track record is also best. Investment in PACL is safe & returns are beneficial. Crores of Indians have faith in the company because there is no one in the country who did not get his returns after completion of his term. That's why this company has been awarded as ISO 9001:2008, ISO 14001:2004. Company has got Executive Committee membership in FICCI (Federation of Indian Chambers of Commerce And Industry). So I will suggest you to invest in the PACL plans.
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Some people who used work as daily wage labours are now agents of this company(PACL).These people not even passed 7th class.Now they are mesmerising the poor people who are daily wage labours and farmers.These people are getting lacks of rupees as commission. How can a real estate company collect money saying it is a insuance company.What is the use of education in India
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I had invested money in PACL. Bond has been completed in Dec-12.I had submitted all documents to agents, but no reply from agent or PACL. What to do I dont understand. Please suggest.
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Dear, sir I have been invested money in PACL Limited, CSC-Ghy. Bond has been completed in NOV-2018.What to do I don't understand. Please suggest.
Thanks & Regards
Mitali Das
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Jan 2, 2011 by
