Rita Saxena in December, for a consideration of Rs. Vijay Kumar Sharma, his brother-in-law sister’s husband , had purchased flats in Ashoka Apartments, Yari Road, Andheri, Mumbai in his name and also in the names of his sisters, Smt. The above transaction of flats is explained with the help of chart: The report clearly states that these firms were owned by Sh. The company in liquidation also not filed any return under Rule 4A of the said Deposit Rules. V K Sharma is also guilty of giving a false affidavit and contempt of Hon’ble High Court winding up order dated

The company in liquidation also not filed any return under Rule 4A of the said Deposit Rules. Meenakshi Sharma and Mr. Sharma and his relatives. Further, the companies failed to submit their audited balance sheets for the period ending March 31, and 15 days after their annual general meeting AGM and did not inform the RBI about the changes in the composition of the board of directors. Shashi Saigal and Sh.

The above said transactions is explained with the help of following chart: B, B, B, B and B As per the agreement an amount of Rs. B -Ashoka 4. No dated SFIO also recorded statement of Sh.

The JVG Scandal | Free Management Articles | Free Management Case Studies

Sharma, he had made an investment of Rs. As per SFIO report an agreement to sell the said flat was executed on D Shivakumar, Group Executive That SFIO report dated Mam Raj Sharma 2.


Dividend on 33,76, shares retained by Sh. V K Sharma has knowingly mislead this Hon’ble Court by furnishing false information.

The JVG Scandal

A certificate dated That as mentioned in Para 26 of this application following signatories to the Balance Sheet have rendered themselves liable under section of the Companies Act, kvg for knowingly making false statement with regard to Promoters contributions: The agents or the field-workerswho raised deposits from investors on behalf of JVG, were extremely worried.

It is evident that appointment of Sh. Ministry of Emergency Situations of the Republic of Uzbekistan.

The direction be issued to Sh. Antonio Filipe George vide Agreement to sell.

The Ketan Parekh Scam

The said flat was purchased in the name of Sh. These equity shares were entirely held by promotersdirectors, their friends, relatives and associates as per list given in the prospectus dated Can you really define leadership?

Namrata Stusy and Ms.

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The SFIO in its report further recommended that the company in liquidation and its officers have violated the provisions of the section 58A of the Companies Act, and are liable for penal action under the provisions of the section 58A 6 the Companies Act, SFIO recorded the statement of both the directors and they revealed that Mr. Buy Investors with a short-term perspective can buy Reliance Capital at current levels.


A Case Study on JVG Scandal

However, JVG’s demise and Sharma’s stint in jail would perhaps never replace the dreams and hopes of the investors whose hard-earned money had vanished forever. One flat bearing No. Bhan, Ex-Director c Sh. Finance “My only mistake was that I shot my mouth off without really doing anything.

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For rest of the land, Sh. Rakesh Pandey and payment of Rs.

case study jvg group of industries

Ashok Kumar Gupta through Cheque No. More and more depositors and field workers teemed over the next few days with hopes of getting their money back. Veena Sharma is liable for offence of cheating along with Sh. Sharma had encashed Cheques No.