Wednesday, May 18, 2011

SECURITY OF COMPANY

·         Registered under company law 1956.
·         It is a limited company and it purchase real estate with the money coming from investors.
·         Company working in different fields like purchasing Farms, Offices, Hotel Resorts, Infrastructure ltd., Goat farm, Mushroom Farm, Dairy project, Tissue culture laboratories, Periment India ltd., P.G.F. ltd., P.A.C.L. Insurance services ltd., Housing project, Pearls Masale.
·         Cost of company’s real estate is growing day by day .
·         Company has different sources of income .
·         Successive period of 26 years.
·         4.4 million representatives working in company.
·         44.4 million investors.
·         More than 400000 acres land in India. In which 619 acres in solapur.
·         Timely return of money and insurance benefit to lot of investors.
·         Trust of investors on company and through which huge investing in company.
·         Company has three international and three national awards for working in balance of nature and removal of non-employment problem.
1.       Pride of India gold medal                                                            1. Vikas ratna
2.       Pride of Asia international award and gold medal            2. Vijayshree
3.       International excellence award                                                                3.Lok shree
·         Company is member of Federation of Indian Chambers of Commerce and Industry (FICCI).
·         Handover of company own land rights towards investor so that investors investment is totally secure.
·         Turnover of company for year 2009-2010 is Rs. 8394.00 crore.
·         Company is owner of all offices. All offices with computer and internet.

3 comments:

  1. The company PACL India limited has been raided by the CBCID of Kerala state and sealed all the offices of the company in the state.( see the reports dated 02/12/2012 and 03/12/2012 on TV and leading news papers of Kerala state)
    This company is not having any license from IRDA, RBI and any SEBI guideline till now. . How people can invest here and on what purpose this company paying amount saying realisation value. As a land sale/Purchase company why the agents are canvassing in public that people would get the maturity value. This is totally for capturing the illiterate persons. Now they are moving some FMCG products through their agents and pressuring them to purchase in the market. The agents are also facing troubles as the agents are not purchasing the FMCG products the company is holding the commission. This company is still doing fraudulent activities in the market as real estate. The company should be closed and thoroughly audit by the Govt of India and RBI. Ombudsman has to keep an eye on these companies to save the poor people from falling in to the trap of this type of companies..
    Has PACL INDIA LTD renamed as PACL LIMITTED? . Because when some agents deposited their premium, check was returned from Guwahati Branch saying that the name has been changed as PACL LIMITTED instead of PACL INDIA LTD.


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  2. INVESTIGATION DEPARTMENT

    CIRCULAR

    Circular No: NSE/INVG/2008/175

    Download No: NSE/INVG/2008/11322 September 18, 2008

    Dear Members,


    Sub : SEBI Order In The Matter Of PGF Ltd. (Pearls Green Forests Limited)


    SEBI, has vide its order no.WTM/TCN/40/CIS/Sept/08 dated September 17, 2008, restrained PGF Ltd. (formerly known as Pearls General Finance Limited & also Pearls Green Forests Limited), its promoters, its directors and its persons-in-charge of the business (names given at Annexure) from buying, selling or otherwise dealing in securities, in any manner whatsoever, for a period of 10 years. The detailed order is available on SEBI website (http://www.sebi.gov.in).

    Members are advised to take note of the above and ensure compliance.

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  3. 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.

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