[Resolved] Seven Hills Estates Ltd Berhampur — no interest paid till date company collected money as loan illegally
I DEPOSITED 14LAKHS AND 3 LAKHS IN 2005 AND 2006 AS LOAN IN A COMPANY CALLED SEVEN HILLS ESTAES LTD BERHAMPUR NO INTERST HAS BEEN PAID TILL DATE AS PER THE CONTRACT ENTERED BY THE COMPANY.MORE THAN 50 FIRS HAVE BEEN REGISTERED BUT NEITHER THE MONEY HAS BEEN RETURNED NOR HAS THE POLICE TAKEN ANY ACTION WHY DESPITE AN ARTICLE DATED 13JUNE IN THE E PAPER OF THE HINDU THE COMPANY HAS VIOLATED SECTION 301 BY NOT DECLARING THE SAME IN THE BALANCE SHEET THE ROC CUTTACK HAS NOT TAKEN ANY ACTIN UNDERSECTION113 OF THE COMPANY ACTDESPITE THIS BEINGTHE LAW OF THE LANDAS DECIDE IN THE CASE OF registrarof companiesv rajshree sugar and chemicals ltd and violation of sec628 the md is responsible for criminal liabilty for any offence committed by the employers/company 41996CCR163SCfiling ofannual returns and balance sheetsin default invites section 152, 162 220 the auditors tej raj pal bhubaneswar are parties being auditor the rbiact prevents such companies from collection deposits from smallinvestors without appropiate permission rbi regional office hasnot yet completedits invetigatoion for the last 3 years no action seems to be taken against the company by the ministrt of corporate affairs till date.
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Aug 13, 2020Complaint marked as Resolved
Seven Hills Estates Ltd Berhampur
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