[Resolved]  Rose Valley — about rbi permission

Address:Odisha

rose vally chain marketing system is a corporate agent of lic but they collect money as RD&FD and the fund use in their own business my question 1.if the company failure who will responsible to pay my maturity amount 2.is rose vally approve by RBI
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Aug 13, 2020
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Answer of question 1 : Since the company is registered under Registers of Company Act 1956, Govt will take necessary steps by croaking the company's all asset for returning the money to the investors. Company is having a great asset of liquid and fixed asset.Rose Valley is a group of companies which is doing his business in many sector successfully and most importantly profitably so it is quiet easy for the company to settled all the claim of investors in satisfactory manner.
Answer of question 2 : It is not directly registered under RBI. It is registered under ROC act.

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