Comments
Request all to go through the Rules relating to collection of Public Deposit by a NBFC, please do not put your hard earned money into some investment which mirage high return and eventually takes away all the investment:
http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=8150#a4
Also for Clarity Companies (Acceptance of Deposits) Rules, 1975:
http://www.mca.gov.in/Ministry/actsbills/rules/CAoDR1975.pdf
Ramel Industries is succumbing to the pressure of redemptions and it is truly unclear if it intends to pay back the money borrowed from Public.
Please be aware of such institutions whose secondary intention is public welfare and Primary is wealth creation of the promoters
http://www.rbi.org.in/scripts/BS_ViewMasCirculardetails.aspx?id=8150#a4
Also for Clarity Companies (Acceptance of Deposits) Rules, 1975:
http://www.mca.gov.in/Ministry/actsbills/rules/CAoDR1975.pdf
Ramel Industries is succumbing to the pressure of redemptions and it is truly unclear if it intends to pay back the money borrowed from Public.
Please be aware of such institutions whose secondary intention is public welfare and Primary is wealth creation of the promoters
Request all to be clear on the eligibility of collection of Public deposit by an NBFC or a company:
http://www.mca.gov.in/Ministry/actsbills/rules/CAoDR1975.pdf
Also RBI circular on collection of Public deposit by NBFC:
http://rbi.org.in/scripts/FAQView.aspx?Id=71
Ramel Industries more likely to succumb to pressure of redemption of matured and pre-matured deposit.. In letter the M.D did promise to pay back the money within a stipulated period however it is becoming transparent day-by-day if the same is intended to be done in spirit.
Please do not continue any of your deposit currently being held with company or any other such companies. With the Saradha massacre still to cool down and uncertainty over the faith of the innocent investors. It would take another few decades for investors to put their faith on such fake companies.
http://www.mca.gov.in/Ministry/actsbills/rules/CAoDR1975.pdf
Also RBI circular on collection of Public deposit by NBFC:
http://rbi.org.in/scripts/FAQView.aspx?Id=71
Ramel Industries more likely to succumb to pressure of redemption of matured and pre-matured deposit.. In letter the M.D did promise to pay back the money within a stipulated period however it is becoming transparent day-by-day if the same is intended to be done in spirit.
Please do not continue any of your deposit currently being held with company or any other such companies. With the Saradha massacre still to cool down and uncertainty over the faith of the innocent investors. It would take another few decades for investors to put their faith on such fake companies.
Ramel Industries Limited — for license
sirI want to known ,it is nassecry for any industries RBI LISENCE .who collect money issue by debenture from money market.