This was a company promoted by the same management who promoted STM Teak plantation downsouth. They sold orchards in south as well as in the north in 1 acre/!/2 Acres and 1/4 acre plots and promised returns within 3 to six years.After selling this scheme they just vanished from the scene. All investors in these schemes, let's get together for joint action with the concerned authorities to get back our investments. It is in the interest of all of us to find a way out to get our hardearned money back from such unsrupulous people. I'm looking forward to meet all investors to build up a forum for protest to the authorities. Awaiting your answers !
2006-06-23 04:40:49 · 2 answers · asked by Ravi K 1 in Business & Finance ➔ Investing
******....you deserve what you got, trying to make a quick buck off someone else, buy your own land and plant some trees. You probably will get ripped off again coming to this forum for help. Why don't you give me your social security number and address so I can help you.
2006-06-23 04:48:08 · answer #1 · answered by NinjaRacer 3 · 0⤊ 0⤋
"Prosecution against entities operating unregistered
collective investment schemes
Securities and Exchange Board of India has launched criminal prosecution against the following companies at Chennai for their violations of SEBI (Collective Investment Schemes) Regulations, 1999. The said companies raised several crores of rupees from the investors under various schemes and failed neither to register the said schemes with SEBI nor to wind up the schemes and refund the amounts to the investors, despite several directions of SEBI to do so. The directors of the said companies have also been prosecuted.
Mehna Plantation Pvt. Ltd.,
Moolchand Exports Ltd., and
Maxworth Orchards Ltd."
2006-06-23 04:46:36 · answer #2 · answered by OneRunningMan 6 · 0⤊ 0⤋