No company of Rose Valley group is allowed by RBI to collect public money! So, beware before making any investment in any scheme of ALCHEMIST. They run Ponzie scheme and sometime they will cheat your money. Here is the list from RBI who are allowed to take public deposits.
All India list of NBFCs including RNBCs, to whom Certificate of Registration under Section 45 IA of RBI Act, 1934 have been issued by the Reserve Bank of India to hold / accept deposits from public. (Position as on May 31, 2012)
If any company do illegal financial business like collecting money from public without authority, only few states in India have laws to stop their business on the basis of doubt. Else unless somebody makes a written complain against these companies, many states do not even have the power to stop them. Only SEBI can investigate and stop their activities. Also there is no provision to make refund of public money!!! And since they run Ponzie scheme, almost 80-90% of the money collected are already get spent and go into the personal account of the owners, the property they will leave behind will just be 1-2% of the total collected money. The scam generally occurs after 10/12 years of running, but this is no hard and fast rule. It can happen anytime.
All India list of NBFCs including RNBCs, to whom Certificate of Registration under Section 45 IA of RBI Act, 1934 have been issued by the Reserve Bank of India to hold / accept deposits from public. (Position as on May 31, 2012)
http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/59260.pdf
If any company do illegal financial business like collecting money from public without authority, only few states in India have laws to stop their business on the basis of doubt. Else unless somebody makes a written complain against these companies, many states do not even have the power to stop them. Only SEBI can investigate and stop their activities. Also there is no provision to make refund of public money!!! And since they run Ponzie scheme, almost 80-90% of the money collected are already get spent and go into the personal account of the owners, the property they will leave behind will just be 1-2% of the total collected money. The scam generally occurs after 10/12 years of running, but this is no hard and fast rule. It can happen anytime.