Show Departments
Query regarding investment in pearls green limited (pacl)
Sir, my mother had died on 011, she had invested in pacl pearls greens limited. Yearly installment is rs. .00. After the sad demise of my mother,we have known the said investment. I have enquired with pacl satara office. The last installment was due on march 012. If I pay this last installment the total investment goes to rs. 5000 approx. And I will get the maturity in march 2013 value approx. Rs. 000. My qu. Is if my mother is died whether the said investment is continued. Whether the said investment is safe. Whether I have to pay the said last installment. What should I do. Please guide me. Ajay
Sharwan Kumar
Sachin Sadashiv Mane
Satyendrapaliwal
I have completed my pacl investment plan in may -2012 . So far ( september 2012) payment has not made by the company even after three months .Is this company is genuine
Hai
pacl is very good compeny
I am pacl field worker (e.M)
s.Y.Maichael raaj
ramnad-csc
cell:94435 68924
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.
Why there is a series of crime branch raids.Recently KOLLAM OFFICE KERALA has been raided by crime branch KERALA and suspended all the activities of the company in KERALA. Can you say the real reason behind all the raids. A simple answer that the company is genuine only will not serve the query. Is it because of the case in in the supreme court? What will be future of the company if the apex court turn against the company like in the case of SAHARA?
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.
PL.SEE THIS.
Can any of the company officers explain it in detail.