Advertisements

Heads-Up ! Company FD Investors


wealthymattersMoneylife Foundation is looking at the feasibility of filing a class action for non-payment of fixed deposits. A dispute before the National Consumer Disputes Redressal Commission (NCDRC) requires the dispute value to be above Rs one crore. For starters, we are collecting data for SIX companies—Helios & Matheson, Elder Pharmaceuticals, Jaiprakash Associates, Unitech, Plethico Pharmaceuticals and Bilcare.

If your issue remains unresolved, please submit the details of your deposit through this survey form— Link

The Ministry of Corporate Affairs responded to Moneylife Foundation’s earlier survey and memorandum of 1,500 plus complaints by asking the SFIO to examine non-payment of FDs by Helios & Matheson. In case of Jaiprakash Associates, Unitech and Plethico, the MCA has asked ROC to examine findings from the Moneylife Foundation

Advertisements

About Keerthika Singaravel
Engineer,Investor,Businessperson

Please Leave Me Your Comments!I Love Reading Them!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: