Lok Sabha Question No. 264 (STARRED), answered on 2018-01-05
Subject: Complaints against Private Companies
Ministry: CORPORATE AFFAIRS
Asked by: LAXMI NARAYAN YADAV, RAM TAHAL CHOUDHARY

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

LOK SABHA STARRED QUESTION NO. 264 ANSWERED ON FRIDAY, THE 05 th  JANUARY, 2018 [PAUSHA 15, 1939 (SAKA)]

## COMPLAINTS AGAINST PRIVATE COMPANIES

## QUESTION

*264. SHRI LAXMI NARAYAN YADAV: SHRI RAM TAHAL CHOUDHARY:

Will the Minister of CORPORATE AFFAIRS कारपोरेट कार्य मंत्री be pleased to state:

(a) the number of complaints received for violation of terms and conditions by private companies with regard to deposit of money by the public and its return along with the names of companies against which such complaints have been made during the last three years;

(b) the action taken by the Government on such complaints during the said period along with the outcome thereof;

(c) the number of cases out of the said complaints filed in the court along with the number of said cases pending in the court at present; and

(d) the number of persons jailed in this regard?

## ANSWER

THE MINISTER OF CORPORATE AFFAIRS              (SHRI ARUN JAITLEY)

## कारपोरेट कार्य मंत्री ( श्री अरुण जेटली )

(a) to (d) A statement is laid on the Table of the House. ******

STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF THE STARRED  QUESTION  NO.  264  FOR  ANSWER  IN  LOK  SABHA ON 05.01.2018

(a): As  per  section  73  of  Companies  Act,  2013  r/w  Companies (Acceptance  of  Deposits)  Rules  2014,  the  private  company  is permitted to accept deposits from its Directors & their relatives and also up to certain limit from its members only.  Therefore, a Private Company  is  not  eligible  to  accept  public  deposits  u/s  76  r/w  the Companies (Acceptance of Deposit) Rules, 2014. However, various Complaints in respect of violations of terms & conditions of the deposits have  been  received  by respective Registrars of Companies (ROCs) against 24 No. of Private Companies as  per  the  provisions  of  Companies  Act,  1956/2013.    A  statement containing names of such companies for last three financial year is enclosed herewith as Annexure - A. (b) & (c): Prosecutions under the provisions of the Companies Act, 1956/2013  have  been  filed  against  the  4  companies  involving  15 cases, which are sub-judice, and in other cases the matter is under examination or at inquiry/ inspection stage. (d): Till date no person has been jailed for aforesaid offences. *******

## Annexure - A

## ANNEXURE REFERRED TO IN REPLY TO THE STARRED QUESTION NO. 264 FOR ANSWER IN LOK SABHA ON 05.01.2018.

## LIST OF PRIVATE LIMITED COMPANIES AGAINST WHICH COMPLAINTS RECEIVED DURING THE LAST THREE YEARS:

| 2014-15                                                                                                                                                                                                                                                                                                                                                    | 2015-16                                                                                                                                                                                                                                                                                  | 2016-17                                                                                                                                                                                                                                                                   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1) Achal Automobiles Pvt. Ltd. 2) Car Source India Pvt Ltd 3) Escalations Travel ware India Private Limited 4) KBC Multitrade Private Limited 5) Veronica Construction Private Limited 6) Starnet Breeding and Research Farms Private Limited 7) Staywell infoteh Private Limited 8) Gayathri Bricks Private Limited 9) Makhouse Infratech Private Limited | 1. Kapil Consultancy Services Pvt Ltd. 2. Kapil Foods Structure Pvt Ltd. 3. Kapil Chits (Kosta) Pvt. Ltd. 4. Kapil Infra Avenues Pvt. Ltd. 5. Hira retail (Hyderabad Pvt. Ltd) 6. New look Retails Private Limited 7. Tulip Global Private Limited 8. Preeya Homes Study Private Limited | 1 Vipachi Builders Developers Pvt. Ltd. 2. Royal Twinkle Stars Club Private Limited 3. Bulmen Marketing Private Limited 4. My Recharge Private Limited 5. Paynut digital Private Limited 6. Young Attitude Propcon Private Limited 7. Kuldeep Real Tradex Private Limited |

- *******