According to the most recent reports, the company intends to raise capital by issuing debentures to more than 3,000 investors in violation of the Companies Act of 1956.
In May of 2011, Prism Industrial Complex Limited was incorporated as a public company. The company is based in Kanpur, Uttar Pradesh, and is primarily involved in the furnishing and maintenance of newly-built construction sites.
According to the most recent reports, the company intends to raise capital by issuing debentures to more than 3,000 investors in violation of the Companies Act of 1956. Investors have not been paid the amount of their matured deposits in various Prism Industrial Complex Limited schemes.
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The matter is still under investigation, and information regarding potential next steps will be made public shortly. Those who have deposited funds with Prism Industrial Limited and are seeking a refund are urged to file a complaint through the SEBI’s online portal or by visiting a SEBI office.
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