Regulations
SEBI bars Samruddha Jeevan Foods, directors from collecting money from investors

Samruddha Jeevan Foods and its directors are barred from raising money from investor under any of its schemes. SEBI also asked them not to dispose of any assets or divert funds raised from public

Market regulator Securities and Exchange Board of India (SEBI) has asked Samruddha Jeevan Foods India Ltd and its directors Mahesh Kisan Motewar, Vaishali Mahesh Motewar and Ghanshyam Jashbhai Patel not to collect money from investor.

 

In an order, S Raman, whole time member of SEBI directed the company and its directors "not to collect any more money from investors including under the existing schemes, not to launch any new schemes, not to dispose of any of the properties or alienate any of the assets of the schemes and not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of the company."

 

SEBI said Samruddha Jeevan Foods was prima facie found to be engaged in fund mobilising activity from public by floating 'collective investment schemes' (CIS) as defined in Section 11AA of the SEBI Act.

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COMMENTS

Nishmitha Poojari

3 years ago

give give sallarry to staff and agents. samruddha jeevan totaly cheating.

Aditya

3 years ago

now they opened a new society with name M/S Samruddha Jeevan Multi State, Multipurpose Cooperative Society Limited for collecting money.

Govt only react after fraud or scam...

just we know its doing fraud but we cant do anything peoples who invest are low income or labour class who dont know about this scams...

Aditya

3 years ago

List of companies issued by Ministry of Corporate Affairs doing fraud in Public so be aware of these companies and don't invest in these companies as govt will not help if invest money in this listed companies.

spread awareness

http://www.mca.gov.in/Ministry/pdf/Rajya...

Aditya

3 years ago

List of companies issued by Ministry of Corporate Affairs doing fraud in Public so be aware of these companies and don't invest in these companies as govt will not help if invest money in this listed companies.

spread awareness

http://www.mca.gov.in/Ministry/pdf/Rajya...

Surender Bhadana

3 years ago

Samruddha jeevan is the one of the best companies in the market which provides the employment to unemployed people and motivates peoples to save money today for Tomorrow.

Regards:
Surender Bhadana
9718057100

REPLY

Kamlesh Bhatt

In Reply to Surender Bhadana 1 year ago

Plz give your latest number. It says the no.given above doesnot exist.

gopal rastogi

3 years ago

samruddha jeevan funds collection still continue in all the states and also new offices also opend in the diffrent tehsil hq,and ditrict level, sebi have any control over it.?.

lalit kumar

3 years ago

ye company aaj bhi market se paisa utha rhi hai . agar SEBI ne ise roka hai to phir ye deposet kaise le sakti hai . aur aisi kai company aur bhi hai jaise PINCON GROUP , GREENAGE FOOD PROCTS LTD . ye bhi market me kafi mota interest rate ke sath paisa utha rhi hai kya ye leagel hai. plz tell me

DILEEP

4 years ago

How can we get now our deposit from them ... Pl. reply

Yuvraj

4 years ago

But still they are collecting money through there offices.

REPLY

md khaleed

In Reply to Yuvraj 3 years ago

They will give a certificate named as sale registration letter and after completing the given period the customer can go to the branch office and submit all original documents which was provided by the company and as well as his id proof photo copy the the branch will send to head office pune it will take 15 days time and the cheque will release that s it,,,,,,,,,,

Rahul

4 years ago

I had written to Moneylife regarding the scam a few months back. I was expecting a public awareness articles from Moneylife. Now finally the SEBI order has arrived. This is a starting point of fall of the 'Samruddha Jeevan Empire' as they cant pay the high interest from their so called business activity. On top of it people will demand their deposit back which will mean that the business will go bust.

Restarting investments after a major expense or cash outgo

Major expenses are mostly pre-planned. If they are unplanned, they may cause a deeper hole in our pocket that may be difficult to stitch quickly unless you follow simple and basic principles of investing throughout

A major expense may not only set us back financially but also psychologically. We may feel akin to having swum onshore aboard a sinking ship. There is cheer that a major task may have been accomplished but there is also despair that we may not know how to recoup our financial energy quickly.
 

Major expenses are mostly pre-planned. If they are unplanned, they may cause a greater hole in our pocket that may be difficult to stitch quickly.
 

I recently met a well educated (IIM graduate) professional, who had just been through a major medical expense (for his father). He asked me for help in reconstructing his financial future.
 

I tried my bit in enlightening him to start his investments engine with simple and basic principles. Strangely enough, he was unaware of the majority of following principles:

  • A new beginning: Start saving. We must start spending less than what we earn. Taking leverage to keep ourselves afloat after a major expense can prove to be like getting stuck in a spiraling storm.
     
  • Active Management: Put our savings to good use. Letting our savings lying idle in the form of money in savings or current account or even as cash at home will cause our recovery to be a long drawn one. Let me illustrate with an example – even if you save Rs10,000 per month and put it in a liquid fund (the least volatile and most liquid type of mutual fund product) vis-à-vis savings account or current account, you end up earning a minimum of Rs4,000 more per annum (over the last 10 years, liquid funds have given average returns of 7-11% per annum vis-à-vis 0% and 4% in current and savings accounts, respectively)
     
  • Diversification of investments: Invest across investment classes like fixed income, equity, gold, real estate. Due to global and local economic factors like uncertainty, inflation, currency fluctuations, we must look at all possibilities that fall within our risk-return parameters. Consideration of future requirements and time horizon often drives the asset allocation pattern.
     
  • Post tax returns: Taxation brackets can influence significantly since there are arbitrage opportunities available for capital market products like mutual funds, equities and tax-saving schemes/instruments.
     
  • Monitoring: When we end up monitoring even the smallest expense, then we must allocate time to monitor our hard-earned money invested. Just one hour per week is sufficient to ensure that we have a complete hold on our investments.
     
  • Cut out emotions: Emotion is the cause of our investments going awry. We tend to get stuck with our investments because we keep justifying existence of these unproductive investments in our portfolio. Exiting these investments becomes difficult since these erroneous investments tend to make us feel guilty. Even if the decision has been made by us on the recommendation of someone known to us, we must evaluate objectively and exit (even with losses) as soon as we get an opportunity.
     
  • Re-balancing: Investments are like diet. They need to be re-balanced for getting proper outcomes. Just as a dietary imbalance can cause a health scare, an investment portfolio imbalance can cause a wealth scare. Going excessively on an asset class that we tend to prefer may not be an appropriate strategy for financial planning. Most of us Indians have a fetish for physical assets like Gold and Real-Estate and hence, we tend to get over-board on them. This can prove to be counter-productive in high-growth phases in economy. As seen between the years 2003-2007, equity investments far out-performed Gold and also they are far more liquid than gold.
     
  • Get an advisor: Last but not the least, one should get a skilled and honest investment advisor and stick with that advisor for a long period of time. He/ she will ensure that most of the above is followed and followed rigorously.

 

(Akshay Gupta is managing director and chief executive of Peerless MF)

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Celebrity chef, author Tarla Dalal no more

Tarla Dalal died of heart attack Wednesday morning at her residence in South Mumbai

Tarla Dalal, known for her popular cookery show and several top selling books on cookery passed away on Wednesday morning following a fatal heart attack in Mumbai. She was 77.

 

This message was posted on Tarla Dalal's Facebook page by her team:

 

"We would like to thank all of you for your support and affection through the years of Mrs. Tarla Dalal's career. She is no more with us as she expired in the early hours of this morning. We thank her for all the happiness that her talent has given to us and our families..."

 

The celebrity chef was also awarded the Padma Shri in 2007.

 

She started taking cooking classes in Bombay in 1966 and published her first cookbook in 1974. The book was an instant success and went on to become a classic in cookery books and sold over 1.50 lakh copies.

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COMMENTS

VIJAY SHAH

4 years ago

TARLA DALAL JEE WAS BORN ON 2nd JUNE, 1936

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