FRAUD BY USHA RECTIFIER CORPORATION (INDIA) LIMITED
- USHA RECTIFIER CORPORATION (INDIA) LIMITED
in 1990 a private group of known business people from india, launched a company , started with CONVERTABLE DEBENTURES and invited Public to invest in this company called Usha rectifier corporation(India) limited
I also applied for debentures and paid as required, in 1991 the said company converted the debentures into shares. and immediately after conversion , company was not listed in any stock exchange. therefore the script was not visible on any exchnge or newspapers .
After various communications with company and its promoters ( who are still running their other groups under different name and organisations)
refused to answer the public and no government action was taken against the promotors and owners of company.
in my shares the address shown is
USHA RECTIFIER CORPORATION INDIA LIMITED. USHA HOUSE BII / 100 ,
MOHAN COOPERATIVE INDUSTRIAL ESTATE, DELHI MATHURA ROAD,
NEW DELHI 110044
and allotted share numbers to me was
Folio URS0 41426 CERTIFICATE NO 723581 DIST NOS 0043104199-43104248
total 50 shares. 214440 uld 116544
various communications to the company address and BSE and Registrar of company in delhi government and SEBI remain unanswered.
it is known fact that the actual promotors are still operating many other companies under their umbrella of USHA.
is government of any authority going to help and recover public money from its promotors. ???