Lok Sabha Question No. 2040 (UNSTARRED), answered on 2015-07-31
Subject: Corporate Frauds
Ministry: CORPORATE AFFAIRS
Asked by: RAVNEET SINGH, P. C. MOHAN, ADHIR RANJAN CHOWDHURY, VINOD KUMAR BOIANAPALLI, MANOJ RAJORIA, R. VANAROJA, BIDYUT BARAN MAHATO, NARANBHAI KACHHADIA

GOVERNMENT OF INDIA

MINISTRY OF CORPORATE AFFAIRS

LOK SABHA

UNSTARRED QUESTION NO. 2040

ANSWERED ON FRIDAY, THE 31 ST JULY, 2015

[SHRAVANA 9, 1937 (SAKA)]

CORPORATE FRAUDS

QUESTION

2040.	SHRI RAVNEET SINGH:

SHRI P. C. MOHAN:

SHRI ADHIR RANJAN CHOWDHURY:

SHRI B. VINOD KUMAR:

DR. MANOJ RAJORIA:

SHRIMATI VANAROJA R.:

SHRI BIDYUT BARAN MAHATO:

SHRI NARANBHAI KACHHADIYA:

**Will the Minister of CORPORATE AFFAIRS**

be pleased to state:

(a)	whether the cases of corporate frauds/chit fund scams involving companies reportedly diverting public funds to their sister concerns and declare themselves insolvent in the country have come to the notice of the Government during each of the last three years and the current year, if so, the details thereof, company-wise along with the amount of public money stuck in such cases during the said period, State/UT-wise;

(b)	the number of such cases investigated by the Government along with the number of Auditors/Directors of the companies punished in the country during the said period, company-wise, State/UT-wise;

(c)	the monitoring and regulatory mechanism put in place by the Government in this regard;

(d)	whether the Government has sought cooperation of the Institute of Chartered Accountants of India and Institute of Company Secretaries of India for framing guidelines to curb such frauds/scams and if so, the details thereof along with the response of the said Institutes so far; and

Cont…. 2/-

- 2 -

(e)	the other corrective steps taken/being taken by the Government to curb such frauds/scams and to protect the interests of the investors in the country?

ANSWER

THE MINISTER OF CORPORATE AFFAIRS                    (SHRI ARUN JAITLEY)

(a) & (b):  The Ministry, during the last three years and current year, has ordered investigation into the affairs of 145 companies which were allegedly involved in illegal deposit taking activities.  A State-wise list of these companies is enclosed as Annexure. In many of the cases where investigations have been completed, diversion of funds so collected and/ or default by the companies in repayment of such deposits has been observed.

(c)	Regulation of such activities is covered by the following statutes:

1. Chit Funds Act, 1982, under which all chit funds require previous sanction from the respective State Governments.
2. Prize Chits & Money Circulation Schemes (Banning) Act, 1978, enforcement of which lies with State Governments, defines and prohibits illegal chit fund schemes.
3. RBI Act, 1934, administered by the Reserve Bank of India, bars any individual or a firm or unincorporated association of individuals from accepting deposits.

(iv)	SEBI Act, 1992, administered by the Securities and Exchange Board of India, to regulate Collective Investment Schemes.

5. Companies Act, 2013 (Sections 73 to 76) read with Companies

(Acceptance of Deposit) Rules, 2014.

1. Special legislations passed by certain States to protect the interests of depositors.

(d) & (e) Apart from enforcement of the above statutes and regulations, the following measures have been taken to protect the interests of the investors and to enable effective investigation into the affairs of companies allegedly involved in frauds:

(i)	‘Fraud’ has been defined as a substantive offence in the Companies Act, 2013;

(ii)	Section 143(12) of Companies Act, 2013 requires the auditor of a company to report any fraud to the Board of Directors or Audit Committee of that company or to the Central Government, depending on the amount of fraud.

*******

Annexure

ANNEXURE TO UNSTARRED QUESTION NO. 2040 FOR ANSWER IN LOK SABHA

ON 31-07-2015

**LIST OF INVESTIGATION ORDERED IN RESPECT OF COMPANIES INDULGING IN ILLEGAL COLLECTION OF DEPOSITS**

**Year – 2012-13**

| Sl.  NO.   | Name of the Company                                                                                                                                    | State/ UT   | Suspected Quantum   |
|------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|---------------------|
|            | Basil International Ltd.  Vamshi Chemicals Ltd.  Nixil Pharmaceuticals Specialities Ltd.  Appeline Cosmetics & Toiletries Ltd.  Basil Express Ltd. | Delhi & UP  | Rs 1721.00 crore    |
|            |                                                                                                                                                        | Delhi & UP  | Rs 1721.00 crore    |
|            |                                                                                                                                                        | Delhi & UP  | Rs 1721.00 crore    |
|            |                                                                                                                                                        | Delhi & UP  | Rs 1721.00 crore    |
|            |                                                                                                                                                        | Delhi & UP  | Rs 1721.00 crore    |
|            | Abcindya Networks Pvt. Ltd.                                                                                                                            | Delhi       | Rs 48.00 crore      |
|            | Unigateway 2U Trading Pvt. Ltd.;  Unipay2U Marketing Pvt. Ltd;  Unipay Creative Business Pvt. Ltd.;  Unipay2U Production Pvt. Ltd.                     | Tamil Nadu  | Rs 791.53 crore     |
|            |                                                                                                                                                        | Tamil Nadu  | Rs 791.53 crore     |
|            |                                                                                                                                                        | Tamil Nadu  | Rs 791.53 crore     |
|            |                                                                                                                                                        | Tamil Nadu  | Rs 791.53 crore     |
|            | Life Business Project Pvt. Ltd.                                                                                                                        | Delhi       | Not available       |
|            | Alchemist Infra Realty Ltd.                                                                                                                            | Delhi       | Not available       |
|            | Speakasia Online Pte Ltd. (Singapore)                                                                                                                  | Maharashtra | Rs 3494.00 crore    |
|            | Tulsiyat Tek Pvt. Ltd.                                                                                                                                 |             | Rs 3494.00 crore    |
|            | Seamless Outsourcing LLP                                                                                                                               |             | Rs 3494.00 crore    |

**Year – 2013-14**

|    | Rose Valley Real Estate & Construction Ltd.  Rose Valley Industries Ltd.  Silver Valley Communications Ltd.  Rose Valley Food Beverages Ltd.  Rose Valley Marketing India Ltd.  Rose Valley Infotech Pvt. Ltd.  Rose Valley Hotels & Entertainment Ltd.  Rose Valley Projects Ltd.  Rose Valley Patrika Ltd.  Rose Valley Films Ltd.  Modern Investment Traders Pvt. Ltd  Rose Valley Travels Pvt. Ltd.  Brand Value Communications Ltd.  Rose Valley Housing Development Finance Corporation Ltd.  Rose Valley Airlines Ltd.  Rose Valley Fashions Pvt. Ltd.  Rupasi Bangla Projects India Ltd.  Rupasi Bangla Media & Entertainment Ltd.  Rose Valley Realcom Ltd.   | West Bengal   | Rs 10281.00 crore   |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|---------------------|
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 10281.00 crore   |
|    | Icore E-services Ltd.  Icore Apparels Pvt. Ltd.  Icore Paints Pvt. Ltd.  Icore Iron & Steel Pvt. Ltd.  Icore Super Cements Pvt. Ltd.  Riju Cement Ltd.  Mega Mould India Ltd.  Papyrus Infotech  Icore Global Medicines Pvt. Ltd.  Icore Jewellery & Gems Pvt. Ltd.  Icore Polyfab Pvt. Ltd.  Icore Housing Finance Corpn. Ltd.                                                                                                                                                                                                                                                                                                                                            | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available       |
|    | Saradha Realty India Ltd.  Saradha Agro Development Ltd.  Saradha Exports Ltd.  Saradha Shopping Mall Pvt. Ltd.  Saradha Printing & Publication Pvt. Ltd.  Saradha Tours & Travels Pvt. Ltd.  Saradha Education Enterprise Ltd.  Saradha Construction Company Pvt. Ltd.  Saradha Garden Resorts & Hotel Pvt. Ltd.  Saradha Landmark Cement Pvt. Ltd.  Rose Capital Ltd.  Bengal Media Pvt. Ltd.  Bhasank Food Pvt. Ltd.  Global Automobiles Ltd.                                                                                                                                                                                                                       | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 2394.00 crore    |
|    | Sunshine India Land Developers Ltd.  Sunshine Mutual Benefit Ltd.  Sunshine Land Projects Ltd.  Sahu Investment Mutual Benefit Company Ltd.  Sahu Investment Corporation Ltd.  Nirmala Sahu Business Complex Pvt. Ltd.  Shiv Nests Pvt. Ltd.  Synergy Tie-Up Pvt. Ltd.  Nirmala Dwellings Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Rs 30.00 crore      |
|    | URO Infra Reality India Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | West Bengal   | Not available       |
|    | URO Hotels and Resorts India Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | West Bengal   | Not available       |
|    | URO Hygienic Foods Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | West Bengal   | Not available       |
|    | URO Infotech Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | West Bengal   | Not available       |
|    | URO  Lifecare Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | West Bengal   | Not available       |
|    | URO  Trexim Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | West Bengal   | Not available       |
|    | URO  Autotech Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | West Bengal   | Not available       |
|    | URO Agro India Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | West Bengal   | Not available       |
|    | URO Walkers Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | West Bengal   | Not available       |

**Year – 2014-15**

|    | Mangalam Agro Products Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                  | West Bengal   | Not available   |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-----------------|
|    | Ramel Industries Ltd.  Gan Laboratory Pvt. Ltd.  Ramel Mart Pvt. Ltd.  Ramel Media and Advertising Pvt. Ltd.  Ramel Real Estate and Infrastructure Ltd.  Ramel Sea Food Ltd.  Tamanna IT Solutions Ltd.  Ramel Pharma Ltd.  Ramel Hospitality Pvt. Ltd.  Ramel Infotech Pvt. Ltd.  Ramel Agrotech Ltd.  Ramel Hotel & Resorts Pvt. Ltd.  Ramel Impex Pvt. Ltd.  Ramel Insurance Agency Pvt. Ltd.  Cygnus Publishers Ltd.  Ramel Bio Fertilizer Pvt. Ltd. | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    | Rahul Hi Rise Ltd                                                                                                                                                                                                                                                                                                                                                                                                                                            | West Bengal   | Not available   |
|    | Shrishti Abha Food & Beverage Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                      | West Bengal   | Not available   |
|    | Rahull Media & Entertainment Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                            | West Bengal   | Not available   |
|    | Rahul Wood Works Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                   | West Bengal   | Not available   |
|    | Veekayen Properties Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                | West Bengal   | Not available   |
|    | Hotel Sea-Coast Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                    | West Bengal   | Not available   |
|    | Rahul Bhumi Vikas Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                       | West Bengal   | Not available   |
|    | Rahul Heights Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                           | West Bengal   | Not available   |
|    | Rahul Real Estate Projects Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                              | West Bengal   | Not available   |
|    | Rahul Inn Hospitality Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                   | West Bengal   | Not available   |
|    | Ideas Realcon Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                           | West Bengal   | Not available   |
|    | Ideas Real Estate Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                       | West Bengal   | Not available   |
|    | Ideas Healthcare Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                        | West Bengal   | Not available   |
|    | Ideas Broking Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                           | West Bengal   | Not available   |
|    | Zenix Technologies Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                 | West Bengal   | Not available   |
|    | Adventus Creations PVt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                 | West Bengal   | Not available   |
|    | Seashore Securities Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                     | Odisha        | Not available   |
|    | Seashore Agriculture Promotion Company Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                             | Odisha        | Not available   |
|    | Seashore Healthcare Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                | Odisha        | Not available   |
|    | Seashore Pharmaceuticals Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                           | Odisha        | Not available   |
|    | Seashore Courier & Cargo Private Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                        | Odisha        | Not available   |
|    | Seashore Diary Products Pvt. Ltd                                                                                                                                                                                                                                                                                                                                                                                                                             | Odisha        | Not available   |
|    | Seashore Portfolio Management Services Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                  | Odisha        | Not available   |
|    | Seashore Consultancy & Construction Private Ltd.                                                                                                                                                                                                                                                                                                                                                                                                             | Odisha        | Not available   |
|    | Falcon Consultancy Private Limited                                                                                                                                                                                                                                                                                                                                                                                                                           | Odisha        | Not available   |
|    | Royal Purple Hotels Private Limited                                                                                                                                                                                                                                                                                                                                                                                                                          | Odisha        | Not available   |
|    | Sagiarien Systems Private Ltd                                                                                                                                                                                                                                                                                                                                                                                                                                | Odisha        | Not available   |
|    | Florance Biotech Private Limited                                                                                                                                                                                                                                                                                                                                                                                                                             | Odisha        | Not available   |
|    | Saubhagya Drinks Private Limited                                                                                                                                                                                                                                                                                                                                                                                                                             | Odisha        | Not available   |
|    | Sri Krishna Agriculture Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                            | Odisha        | Not available   |
|    | Jatish Agro and Oil Products Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                       | Odisha        | Not available   |
|    | Sagar Media & Entertainment Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                        | Odisha        | Not available   |
|    | Seashore Capital Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                   | Odisha        | Not available   |
|    | Seashore Shipping Company Pvt. Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                          | Odisha        | Not available   |

**Year – 2015-16**

|    | Saradha Housing Pvt. Ltd.                         | West Bengal   | Not available   |
|----|---------------------------------------------------|---------------|-----------------|
|    | Ambujaatripuri Infra (India) Ltd.                 | Odisha        | Not available   |
|    | Ambujaatripuri Business Private Ltd.              | Odisha        | Not available   |
|    | Artha Tatwa Consultancy Private Ltd.              | Odisha        | Not available   |
|    | Artha Tatwa World Ventures Private Ltd.           | Odisha        | Not available   |
|    | Artha Tatwa Food Mart Private Ltd.                | Odisha        | Not available   |
|    | Artha Tatwa Capital Limited                       | Odisha        | Not available   |
|    | Ambujaatripuri Engineering Private Limited        | Odisha        | Not available   |
|    | Orisha Health & Medical Research Institute        | Odisha        | Not available   |
|    | Helios and Matheson Information Technologies Ltd. | Tamil Nadu    | Not available   |
|    | Grand Vyapaar Private Ltd.                        | West Bengal   | Not available   |
|    | Ultra Tie-up Pvt. Ltd.                            | West Bengal   | Not available   |
|    | Happy Tie-up Ltd.                                 | West Bengal   | Not available   |
|    | Saphire Infradeveloper Pvt. Ltd.                  | West Bengal   | Not available   |
|    | Best Tie-up Ltd.                                  | West Bengal   | Not available   |
|    | Sahu Land Developers Pvt. Ltd.                    | West Bengal   | Not available   |

*******