[Resolved]  Pancard Clubs Ltd — Cheating

I would like to share my experience as per following points.
1. I have taken a agency in the year 2010 so for 1 time investments now its maturity time.
a. Company is accepting money in all office. But while repayment we have to go compulsorily at its Mahim Office Only. Even though we reside at Borivli, or Panvel or Virar.
b. No Branch is accepting for maturity even after Maturity date.
c. On maturity date my wife visited personally at Mahim Office with copy of PAN Card and certificate. She has got Cheque within 1 hour. But the cheque date was 4 days later then the maturity date. i.e. Maturity date was 23/12/2013 & cheque dated was 27/12/2013 and I would like to share cheque amt also i.e. 7560/-.
d. They do not give maturity cheque to agent directly on the same day. Means If agent wants to give service to his client about maturity of payment then he has to visit twice or more to get payment.
2. Certificate which the branch is handing over is comes after 3-4 month. And for that they do not call. Only we have to follow up. If we fail to collect the same within 8-9 months they charge Rs. 200/- for reissue.

As per my experience I will give zero rate for this company.

BHARAT KARWA
[protected]

nj india invest pvt ltd — not received pan card

Res sir,
my friend pan card not recived the add.
( AMOL NAMDEO BORKAR )
and this pan no is AQOPB3568J the submited in uti the date is 11-jully-2008
so please
thanks you

NJ India Invest Pvt. Ltd — NJ India Invest Pvt. Ltd is a Fraud Compnay

Dear Sir,
I am a Mutual Fund dustributor with NJ India in Mumbai, They commit me that when i want to switch my AUM they will provide my NOC within 1 Month, Its almost 10 Month, now they are saying that the person who has made commitment has leaved the job, kindly help me.

Sandeep

Beware company has no hotels in India & abroad but another company Panoramic Universal ltd has hotels in India & abroad(which PanCard Club shows as there own hotels).Also remember the Satyam scam in which no agency in India even touch the Ramalinga Raju's sons company Maytas Infra as it was another entity.If PanCard club denied to repay the amount then no agency in india can touch Panoramic universal. PanCard Clubs also sell you room nights but at the same time do not book your room anywhere.Company claims to be in timeshare business.But company do not book any room on behalf of you or exchange the room with another customer at the time of maturity.Company should keep the proper record of room nights booked & exchanged in timeshare business.Also company should sell the no.of room nights available with the company on that particular date as per ethics in timeshare business.But company is only running a money circulating business or ponzy scheme.Different govt.entities are now investigating into the matter.pl.visit the link
http://in.finance.yahoo.com/news/Scam-around-corner-yahoofinancein-[protected].h...⇄ http://www.sebi.gov.in/sebiweb/home/detail/14442/new/PR---Pancard-Clubs-Limited

This is not a fault of company.I am also the agent of this company.If you want any type of help then please mail me your contact on krunaldarji.[protected]@gmail.com

First of all everyone should get their facts right, Pancard Clubs is a subsidiary of Panoramic Universal Ltd. The Pancard Club Investment Scheme is

managed under the company Pancard Clubs. I agree that it has been a very long wait for you. First thing I would like to advise you is to check for

which purpose you have given the payment. Also, you can directly contact them at their head office, as they are in to hospitality business they really

know how customers thing and act when in distress. Your problem will get solved if you show them all your relevant documents.

where do you stay i will help you i am also a representative of this company.

if any information i give solution
[protected]-ganesh

Sir i was joined to pancard clubs pvt. ltd. in the year 2003 with Rs. 1200 for room nights and must get 3200 in the year 2012 when i will get the surrender money?

Madam this is the problem of the person who deposite your cheque .When he deposit your cheque he will get receipt . when u show this receipt to deposited office you will get bond . This is basic duty of the agent who deposite u r cheque, so pl. blame to that perticuler persont and not PANCARD Clubs LTD.

As per statement of Kamlesh Alone above it is duty of Agent to collect FD certificate where he is failed. But now agent is ask for Rs. 200/ - Per FD certificate along with application for issue of certificate. Can you please explain that Application to issue certificate is ok, but what about for Rs. 200/- per FD?

Hello everyone,
As per law, company is completely liable for the mistakes and frauds of their employees...they can never take plea that company is not liable for the promises made by the Employee in the due course of employment..Employer have vicarious liability..customer may be ignorant of facts, but it is the duty of the employee to inform it prior..that's why they are paid..

Coming to all this clubs(country club, mahindra holidays etc..) most of the clubs are cheaters...this is money making business to them..they call for gifts and start convincing us for membership..once u pay that's it..u r locked..u have to go around them..later u get frustrated and leave your money..what ever they speak is complete lie..do not fall for it..


Priyanka(Advocate)

I have already paid Rs. 200/- to get duplicate certificate, which the company has not given previosly. Now after 2 months of given the penlaty amount still I have not received the certificate. I have 3 FD certificate for which I have already given Rs. 600/-. There is not any response from company site. I have been cheated.

Bharat Karwa
[protected].

Good evng, Pan Card Club Agent whom I know has been assuring me of good returns on investment of around 1 lac. after reading above comments I am really confused, I will be thankful to you if you guide me properly about the present status and reliability of this company.

Dear Mr. Paranjpe, request you to kindly understand entire scheme from the person who has approached you. Please note that this is not investment scheme. Its membership scheme where you purchase room nights in advance for the hotels which are owned by Panoromic Group. And you can utilize these room nights as and when you want it. If you do not utilize the room nights during the tenure of the membership, company pays you back surrender value (this will be mentioned on the certificate which company provides you) on the expiry date of your membership. I can share with you that I have purchased these room nights almost two years back and have utilized some of them at their resort at Karnala, Panvel & also at Pune and I found it quiet reasonable and beneficial. Further one of my friend had purchased room nights in the year 2008 and as did not utilize any he got surrender value as per the certificate provided by company by cheque which was given to him 1 month in advance. Hope this helps.

If company manage to collect 50 crore as pure investment every year and company's annual profit remain below these figure. Do you think company can give surrender value with 12 1/2 interest at the end of a tenure.

Hi
Ha company cha problem nahi tumhi tya recepit chi copy gheun office la ya tumhala certificate milel
tumach agent tumacyakade punha ala nasel kiva visarla asava to tumacha natevaik kiva tumacya javalpas rahart asel tar tyala off cha add vichara any suguest [protected] pl call

Be careful before any investments. Because being a ad visor I have given one proposal for monthly payment scheme. As per tenure the scheme should be complete in the Month of Dec. 2013. but unfortunately my party does not able to make the payment till Jan 2014. Just 1 Month Late. My party is ready to pay late fees amount also. But now the company is saying that the party will get only principle amount on maturity. Means if just because of 1 month late my party will have to be bear loss of Interest for the whole tenure. Company is also not giving back principle amount now.
This is 1 No. Fraud company. I advice not to invest single rupee in this company.

Bharat Karwa
[protected].

Karwa Bharat, Hi This is John - [protected]@gmail.com

I can understand your frustration and agree with some points you mentioned

a) Yes PCL should allow maturity collection at any branch or atleast at the office of investment. But they have given an option that the agents can collect on our behalf. PCL gives 60 working days for that, so that should not be an issue. Least they could do is start the NEFT, direct transfer to our bank account. It will save a lot of trouble for all.

b) I fail to understand why they gave you 4 days later that your actual maturity date. You need to investigate and let us also know so that we can be alert. But your wife got the cheque in an hour should be appreciated.

c) Issuing of bonds / certificate taking 3-4 months is too much. But this happens from April to May only, June investments get the bonds in 60 days or before, as per policy.

d) Yes, they should not charge Rs 200 for late collection of bonds, that is utter nonsense. If someone invests 2700 and returns are 3280 - then losing 200 is a big amount. thats not fair.

All in all, i do not PCL has a fraud company. They have their rules & regulations which the agents should know well and explain it down to the Investors or Juniors. It is the Agents that spoil the name of PCL. Many Agents do not give proper service and then the investor thinks PCL is fraud. Its 17 years into business, its well managed. The Seniors want this company to run well, so that their bread & butter keeps coming.and we get full support. There are rare cases where things get spoiled and I fully blame the Agents. Why don't we see the +ve side, where lakhs of investors have got their returns, enjoyed holidays, claimed FREE mediclaim, Agents whose life has changed. Hardwork & Honesty pays.

All the best . Be +ve and you can enjoy things better with PCL.

I have a bad experience of panoramic group. I had invested 10800 but when there is maturity time company gives maturity cheque at mahim which was hectic to go all from central to western for me. Secondly now company don't give cheque of date on which our maturity is. They are giving cheque after fifteen days of our maturity date. i.e. my maturity is on 2nd july but company is giving date 18th july so they are using my amount for 15 days without paying interest on it.