Sir ipay near 0000 rs in pacl india lmtd but today on star news my whole life money is invested in that company pls give any legal action on these
Real estate firm office raided
A team of Crime Branch sleuths have sealed the office of Pearls India Limited (PACL) a real estate development firm here after a day-long raid on its premises in connection with a case registered under the Money Chain Act by the Thalassery police in 2011.
According to sources a team led by Superintendent of Police (Economic Offence Wing) P.A. Valsan raided the office from 11 a.m. to 6 p.m. Documents relating to nearly Rs.33 crore collected from around 20 183 customers from the district were seized a Crime Branch official said.
The PACL offices in Kozhikode and Thrissur were raided by the Crime Branch on December 1 and 2 respectively. Both offices were sealed and documents showing clash transactions to the tune of Rs.267 crore seized from Kozhikode and of Rs.592 crore from Thrissur.
‘‘We are in the process of ascertaining whether they have been issued licence to collect money from people. They collected money under the guise of offering land in major cities in States including Madhya Pradesh Rajasthan and Andhra Pradesh as per a cash-down payment plan and an instalment payment plan ’’ the official added. But the customers have not been provided with land against the payment he said.
A case was registered by the Thalassery police when agents of PACL collected huge amounts of money from a number of people at Sarada Krishna Aiyar Auditorium in the town in 2011.
See the complaint of an agent.
WHY PACL KERALA IS FACING SUCH A BIG CHALLENGE.. ALL OFFICES OF KERALA IS SEALED BY KERLA POLICE.... PLEASE AT LEAST DO SMTHING FOR THE INNOSCENT WORKERS OF PACL.. A LOT OF PEOPLE ARE IN SUCH A DILEMMA INCLUDING MY PARENTS.... THEY DONT EVEN HAD A GOOD SLEEP FROM THE DAY ONWARDS THESE PROBLEMS..... I PLEAD THE COMPANY AUTHOROTIES TO TAKE AN IMMEDIATE ACTION FOR SAKE OF THE WORKERS..!!!!..... AND PLEASE SUPPORT US.. THE CUSTOMERS OF PACL..!!!!!
14 March 2013
Why does it take such a long time for SEBI or other enforcement agencies of the government to act. Cannot these companies be nipped at the budding stage itself. Why wait for these companies to become monsters. Anyone who joins a PACL scheme can become an agent. It is these agents a network of exponentially growing micro entrepreneurs who give word of mouth publicity for PACL staking their credibility among friends relatives and community for the company. From Paschim Vihar to Madurai to Navi Mumbai their elevator pitch remains the same. PACL is a public limited company. It is a company under the Ministry of Corporate Affairs. It is a company operating since 1983. A number of agents across the country repeated these claims indicating systematic training.
ITEM NO.101-PH COURT NO.6 SECTION XV S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS CIVIL APPEAL NO(s). 6753-6754 OF 2004 SECURITIES & EXCHANGE BOARD OF INDIA Appellant (s) VERSUS PACL INDIA LTD. & ORS. Respondent(s) (With appln(s) for directions and permission to place addl. documents on record and impleadment and early hearing and permission to file additional affidavit and with office report) WITH CIVIL APPEAL NO.2864/2006 (With appln.(s) for stay and office report) Date: 26/02/2013 These Appeals were called on for hearing today. CIVIL APPEAL NO.2864/2006- dismissed CIVIL APPEAL NOS. 6753-6754/2004- allowed.
Can any of the company officers explain it in detail.
dear all my name is rakesh Kumar. i joined PACL recently so please tell me about PACL. Which I have added to it. He does not know no more about it. So you tell me about it
MY mail Id is email@example.com
क्या PALC में जुड़ना चाहिए?
केरल मई सभी ऑफिस क्यों बंध कर दी गे है?