Regarding company deposits

RajeshKumar (Querist) 24 August 2012 This query is : Resolved
Dear All,

I have invested in real estate company, who had promised that they are in the process of listing their company on BSE.

Based on the promise made, I have invested close to Rs. 50000 and have pruchased 8500 units in Jan 2008.

After that I got the cheque from the comapny informing that the interest has been paid to all the share holders for 2007 - 2008, so in my case i got the interest for 3 month (jan, feb and March 2008).

However after that I have not received any communication from the comapny and there is no clearity regarding the listing of the company. already 4 years has passed.

I have been in touch with the company but they are giving some vauge reason for not listing the company and also not sending the interest. I wanted to know whether the company can legally do this to the general public by taking the money.

How I can get the money back from the company ?

Is there a way out ?

Looking forward for your responses.

Regards,
Rajesh

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