Lok Sabha Question No. 4110 (UNSTARRED), answered on 2019-01-04
Subject: Illegal Accounts/Transactions by Companies
Ministry: CORPORATE AFFAIRS
Asked by: RAJESH PANDEY, RAVINDRA KUMAR PANDEY, NISHIKANT  DUBEY

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 4110 ANSWERED ON FRIDAY, THE 4 TH  JANUARY, 2019 [ PAUSHA 14 , 1940 (SAKA)]

## ILLEGAL ACCOUNTS/TRANSACTIONS BY COMPANIES

## QUESTION

4110. SHRI  RAJESH PANDEY: SHRI RAVINDRA KUMAR PANDEY: SHRI NISHIKANT DUBEY:

## Will the Minister of CORPORATE AFFAIRS कॉर्पोरेट कार्य मंत्री

## be pleased to state:

- (a) whether  cases  of  frauds  and  illegal  accounts/transactions  by  companies  and corporate houses have come to the cognizance of the Government during the last three years and the current year;
- (b) if so, the details thereof, company-wise and
- (c) the steps taken/being taken by the Government in such cases?

## ANSWER

## MINISTER OF STATE FOR LAW AND                (SHRI P.P.CHAUDHARY) JUSTICE AND CORPORATE AFFAIRS

विवि और न्याय एिं कॉर्पोरेट कायय मंत्रालय में राज्य मंत्री

( श्री र्पी. र्पी. चौिरी )

(a) to (c) : Yes Madam. The Ministry has ordered investigation against such companies where  they  are  allegedly  involved  in  fraudulent  activities  including  through  illegal accounts/ transactions. The details are at Annexure-A .

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Details of companies against which investigation has been ordered-

| 2015-16                         | 2015-16                                               | 2015-16                                                                                 |
|---------------------------------|-------------------------------------------------------|-----------------------------------------------------------------------------------------|
| Sr. No.                         | Name of the Company                                   | Action taken                                                                            |
| 1                               | Oscar Builders Private Limited                        | Prosecution filed against company and its Directors u/s 447 of the Companies Act, 2013. |
| 2                               | Pluto Estates Private Limited                         | Prosecution filed against company and its Directors u/s 447 of the Companies Act, 2013. |
| 3                               | Damask Estates Private Limited                        | Prosecution filed u/s 447 of the Companies Act, 2013.                                   |
| 4                               | Sai Prasad Properties Limited                         | Ministry has ordered Investigation by SFIO.                                             |
| 5                               | Saradha Housing Pvt. Ltd.                             | Ministry has ordered Investigation by SFIO.                                             |
| 6                               | Ambujaatripuri Infra (India) Ltd. +7                  | Ministry has ordered Investigation by SFIO.                                             |
| 7                               | Kingfisher Airlines Ltd.                              | Ministry has ordered Investigation by SFIO.                                             |
| 8                               | Grand VyapaarPvt. Ltd. +5                             | Ministry has ordered Investigation by SFIO.                                             |
| 9                               | Msquare Prudent MultitradePvt. Ltd. +10               | Ministry has ordered Investigation by SFIO.                                             |
| 10                              | Goldmine Food Products Ltd. +7                        | Ministry has ordered Investigation by SFIO.                                             |
| 11                              | SamruddhaJeevan Foods Ltd.                            | Ministry has ordered Investigation by SFIO.                                             |
| 12                              | Sai Prasad Foods Ltd.                                 | Ministry has ordered Investigation by SFIO.                                             |
| 13                              | Utkarsha Plotters and Multi Agro Solutions India Ltd. | Ministry has ordered Investigation by SFIO.                                             |
| 14                              | PGF Ltd. PACL Ltd.                                    | Ministry has ordered Investigation by SFIO.                                             |
| 15                              | AMB Buildprop Private Limited +5                      | Ministry has ordered Investigation by SFIO.                                             |
| 16                              | JeevanSuraksha Trading & Financials Ltd. +5           | Ministry has ordered Investigation by SFIO.                                             |
| (part of earlier investi gation | Shailraj Hotels Pvt. Ltd.                             | Ministry has ordered Investigation by SFIO.                                             |
| 17                              | Rank Mercantile Private Ltd.                          | Ministry has ordered Investigation by SFIO.                                             |
| 18                              | Parul Polymers Private Limited                        | Ministry has ordered Investigation by SFIO.                                             |
| 19                              | Helios & Matheson Information Technology Ltd.         | Ministry has ordered Investigation by SFIO.                                             |
| 20                              | Chakra Infrastructure Ltd. +7                         | Ministry has ordered Investigation by SFIO.                                             |
| (part of investig ation at S.   | AarzooAgritech Private Limited +104                   | Ministry has ordered Investigation by SFIO.                                             |
| No.15 21                        | MPS Greenery Developers Ltd. +7                       | Ministry has ordered Investigation by SFIO.                                             |
| 22                              | Sunair Hotels Limited                                 | Ministry has ordered Investigation by SFIO.                                             |
| 23                              | Jagat Agro Commodities Pvt. Ltd.                      | Ministry has ordered Investigation by SFIO.                                             |
| 24                              | PromotechInfratech Ltd.                               | Ministry has ordered Investigation by SFIO.                                             |
| 25                              | ABC CotspinPvt. Ltd.                                  | Ministry has ordered Investigation by SFIO.                                             |
| 2016-17                         | 2016-17                                               | 2016-17                                                                                 |
| 1                               | Totem Infrastructure Limited                          | The concerned Regional Directors has recommended for investigation by SFIO              |
| 2                               | Heera Retail (Hyderabad) Limited                      | Investigation has been ordered through SFIO                                             |

| 3       | Heera Developers (Hyderabad) Private Limited                                                                       | Investigation has been ordered through SFIO                     |
|---------|--------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
| 4       | Heera Ice Drop Limited                                                                                             | Investigation has been ordered through SFIO                     |
| 5       | HeeraFoodex Private Limited                                                                                        | Investigation has been ordered through SFIO                     |
| 6       | Century Communication Limited                                                                                      | Ministry has ordered Investigation by SFIO.                     |
| 7       | Narangs International Hotels Pvt. Ltd.                                                                             | Ministry has ordered Investigation by SFIO.                     |
| 8       | Bush Foods Overseas Pvt. Ltd.                                                                                      | Ministry has ordered Investigation by SFIO.                     |
| 9       | MaitriSuvarnasiddhiPvt. Ltd.                                                                                       | Ministry has ordered Investigation by SFIO.                     |
| 10      | Bhushan Steel Limited                                                                                              | Ministry has ordered Investigation by SFIO.                     |
| 11      | Singhal Enterprises Pvt. Ltd.                                                                                      | Ministry has ordered Investigation by SFIO.                     |
| 12      | Church of South India Trust Association                                                                            | Ministry has ordered Investigation by SFIO.                     |
| 13      | Winsome Diamonds & Jewellery Limited                                                                               | Ministry has ordered Investigation by SFIO.                     |
| 14      | First Leasing Company of India Ltd. (In Liqn)                                                                      | Ministry has ordered Investigation by SFIO.                     |
| 15      | Alps BPO Services Limited (In Liqn)                                                                                | Ministry has ordered Investigation by SFIO.                     |
| 16      | Micro Technologies (India) Limited (in Liqn)                                                                       | Ministry has ordered Investigation by SFIO.                     |
| 17      | Birla Power Solutions Ltd (in Liqn)                                                                                | Ministry has ordered Investigation by SFIO.                     |
| 18      | IFCI Ltd                                                                                                           | Ministry has ordered Investigation by SFIO.                     |
| 19      | Coastal Projects Limited                                                                                           | Ministry has ordered Investigation by SFIO.                     |
| 20      | Goldmine Animal Husbandry Pvt. Ltd                                                                                 | Ministry has ordered Investigation by SFIO.                     |
| 21      | National Spot Exchange Limited (+39)                                                                               | Ministry has ordered Investigation by SFIO.                     |
| 22      | Ketan Parekh Group of Companies                                                                                    | Ministry has ordered Investigation by SFIO.                     |
| 23      | PrayagInfotech Hi-Rise Ltd.                                                                                        | Ministry has ordered Investigation by SFIO.                     |
| 24      | Ultra Motors India Private Limited                                                                                 | Ministry has ordered Investigation by SFIO.                     |
| 25      | Okara Agro Industries Limited and other group of Companies                                                         | Ministry has ordered Investigation by SFIO.                     |
| 26      | Cartesian Computers Ltd.                                                                                           | Ministry has ordered Investigation by SFIO.                     |
| 27      | Parul Polymers Private Limited                                                                                     | Ministry has ordered Investigation by SFIO.                     |
| 28      | Ablaze Info Solutions Pvt. Ltd                                                                                     | Ministry has ordered Investigation by SFIO.                     |
| 29      | URO Enclave India Ltd. (UROEIL)                                                                                    | Ministry has ordered Investigation by SFIO.                     |
| 30      | GetitInfoservices Private Limited (In Liqn.)                                                                       | Ministry has ordered Investigation by SFIO.                     |
| 2017-18 | 2017-18                                                                                                            | 2017-18                                                         |
| 1       | GKB Hi-Tech Lenses Private Limited                                                                                 | Ministry has ordered Investigation by SFIO.                     |
| 2       | M/s Archer Power Systems Private Limited.                                                                          | SFIO is investigating the matter                                |
| 3       | M/s. V.V Iron & Steel Company Private Limited                                                                      | Investigation has been completed and action has also been taken |
| 4       | M/s UFXBID2BUY India Private Limited                                                                               | Investigation has been completed and action has also been taken |
| 5       | Dreamline Manpower Solutions Private Limited (Existing name is Nityank Infrapower & Multiventures Private Limited) | Investigations has been conducted                               |
| 6       | Royaloak Steels Private Limited                                                                                    | Investigations has been conducted                               |

| 7                      | Sujala Pipes Limited                                                                                   | Investigations has been conducted                                                             |
|------------------------|--------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|
| 8                      | Prajasakti Printers and Publishers Private Limited                                                     | Investigations has been conducted                                                             |
| 9                      | Resource Metals & Mineral Traders Private Limited                                                      | Investigations has been conducted                                                             |
| 10                     | Andromeda Energy Technologies Private Limited                                                          | Investigations has been conducted                                                             |
| 11                     | NSP BVSR KP Road Projects Private Limited                                                              | Investigations has been conducted                                                             |
| 12                     | PushpaIspat Private Limited                                                                            | Investigations has been conducted                                                             |
| 13                     | Vigneshwara Developers Private Limited. +17                                                            | Ministry has ordered Investigation by SFIO.                                                   |
| 14                     | Safe and Secure online marketing Pvt. Ltd.                                                             | Ministry has ordered Investigation by SFIO.                                                   |
| 15                     | Webwork Trade Links Private Limited and its 04 group companies                                         | Ministry has ordered Investigation by SFIO.                                                   |
| 16                     | Greenraay International Ltd. And its 03 group Companies                                                | Ministry has ordered Investigation by SFIO.                                                   |
| 17                     | Waris Finance International Ltd. (Presently known as Waris Industries Ltd.) and its 21 group companies | Ministry has ordered Investigation by SFIO.                                                   |
| 18                     | Wellfare Buildings and Estates Private Limited.                                                        | Ministry has ordered Investigation by SFIO.                                                   |
| 19                     | Assotech Ltd. (in Liqn).                                                                               | Ministry has ordered Investigation by SFIO.                                                   |
| 20                     | Kingfisher Training and Services Ltd.                                                                  | Ministry has ordered Investigation by SFIO.                                                   |
| 21                     | Dreamline Manpower Solutions Private Ltd. + 17 cases                                                   | Ministry has ordered Investigation by SFIO.                                                   |
| 22                     | Mangalam Homes (India) Pvt. Ltd.                                                                       | Ministry has ordered Investigation by SFIO.                                                   |
| 23                     | Suraj Motors Pvt. Ltd.                                                                                 | Ministry has ordered Investigation by SFIO.                                                   |
| 24                     | Scriptacom BPO Systems (P) Ltd                                                                         | Ministry has ordered Investigation by SFIO.                                                   |
| 25                     | Micro Leasing and Funding Ltd.                                                                         | Ministry has ordered Investigation by SFIO.                                                   |
| 26                     | D S Kulkarni Developers Ltd.                                                                           | Ministry has ordered Investigation by SFIO.                                                   |
| 27                     | Religare Enterprises Limited                                                                           | Ministry has ordered Investigation by SFIO.                                                   |
| 28                     | Fortis Healthcare Limited                                                                              | Ministry has ordered Investigation by SFIO.                                                   |
| 29                     | RadashirJewelry Company Private Limited                                                                | Ministry has ordered Investigation by SFIO.                                                   |
| 30                     | Rotomac Global Private Limited                                                                         | Ministry has ordered Investigation by SFIO.                                                   |
| 31                     | United India Insurance company Ltd.                                                                    | Ministry has ordered Investigation by SFIO.                                                   |
| 32                     | Heera Gold Exim Limited                                                                                | Ministry has ordered Investigation by SFIO.                                                   |
| 33                     | Kohinoor Diamonds Private Limited                                                                      | Ministry has ordered Investigation by SFIO.                                                   |
| 2018-19 (Current Year) | 2018-19 (Current Year)                                                                                 | 2018-19 (Current Year)                                                                        |
| 1                      | Unity Infra Projects Limited                                                                           | Prosecution filed against company and its Directors u/s 447 of the Companies Act, 2013.       |
| 2                      | Zen Shaving Limited                                                                                    | Prosecution filed against company and its Directors u/s 447 of the Companies Act, 2013.       |
| 3                      | Birla Pacific Medspa Limited                                                                           | Prosecution filed against company and its Directors u/s 447 of the Companies Act, 2013.       |
| 4                      | M/s Star Agro Marine Exports Private Limited                                                           | Company is under investigation.                                                               |
| 5                      | Usha Martin Telematics Limited                                                                         | Prosecution filed u/s 447 of Companies Act 2013                                               |
| 6                      | Usha Mutual Benefit Society Limited                                                                    | Prosecution filed u/s 58A of Companies Act, 1956; 447 of Companies Act 2013; 403 & 418 of IPC |

|   7 | Woodland Retails Pvt. Ltd.                                                      | Prosecution filed u/s 129 r/w 447 & 448 of Companies Act 2013                                                                                                                 |
|-----|---------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   8 | RTC Properties India Limited                                                    | Filing of prosecution u/s 447 of Companies Act, 2013 r/w Ss. 35, 58A, 60, 67, 68, 69, 75, 80, 97, 149, 211, 628 of Companies Act, 1956 and Ss. 403, 418 IPC is under process. |
|   9 | AnantnathVincom Pvt. Ltd.                                                       | Filing of prosecution u/s 447 of Companies Act, 2013 is under process.                                                                                                        |
|  10 | Nava Diganta Capital Services Limited                                           | Prosecution u/s 447 has been filed against the directors of these two companies during the year 2018 in terms of the Ministry's order dated 19/09/2018.                       |
|  11 | Nava Diganta Agro Industries Limited                                            | Prosecution u/s 447 has been filed against the directors of these two companies during the year 2018 in terms of the Ministry's order dated 19/09/2018.                       |
|  12 | Sterling Biotech Limited                                                        | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  13 | Royal Twinkle Star Club Private Limited                                         | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  14 | Ruchi Soya Industries Limited                                                   | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  15 | Zynergy Solar Projects and Services Ltd. (ZSPSPL)                               | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  16 | Church of South India Trust Association (CSITA)                                 | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  17 | Kanishka Gold Group (+17)                                                       | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  18 | Premia Projects Ltd (PPL)                                                       | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  19 | Moongipa Investments Ltd.                                                       | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  20 | Rockland Hospital Ltd                                                           | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  21 | Dishnet Wireless Ltd                                                            | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  22 | Adarsh Buildestate Ltd and entities associated with it (+124 including 05 LLPs) | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  23 | Kolkata Weir Industries Ltd (+15 group companies)                               | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  24 | Diamond Power Infrastructure Ltd (+14 group companies)                          | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  25 | Cosmic Structure Limited (In liqdtn)                                            | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  26 | SRS Limited and its group companies                                             | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  27 | Educomp Solution Ltd                                                            | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  28 | Auro Gold Jewellery Pvt Ltd                                                     | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  29 | Parekh Aluminex Ltd                                                             | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  30 | Infrastructure Leasing and Financial Services Limited                           | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  31 | Sahara Q Shop Unique Products Range Limited                                     | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  32 | Wheels Mobility Solutions Limited (In Prov. Liqn.)                              | Ministry has ordered Investigation by SFIO.                                                                                                                                   |
|  33 | Delhi and District Cricket Association (DDCA)                                   | Ministry has ordered Investigation by SFIO.                                                                                                                                   |

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