PHILIPS MONOPOLY in Business
Since 1992 non refunding security deposit 1.0 lakh

CONSUMER COMPLAINTS.IN

To,

The chairman

The Company Law Board of India

New Delhi

-

To,

The Chairman

Stock Exchange Board of India,

New Delhi

To,

The Registrar of company affairs

New Delhi

To,

The General Manager RBI

Dept of non-banking finance companies

New Delhi

To,

The Chairman

Ministry of Corporate affairs

New Delhi

Respected sir,

Non Refunding of our Dealership deposit by PHILIPS India Limited

That we are authorized dealer of Philips India in Delhi by virtue of dealership agreement dated 1st june 1996 entered with the company.

We had deposited a sum of rs1, 00, 000/- One lakh on 10/5/1996 vide cheque no: 760696 on state bank of India daryaganj branch towards dealership deposit refundable security deposit on the terms the interest payable as per RBI Rules,

That in the year 1998, the company named Philips India suddenly stopped abruptly supplies to us without any information.

The company is not returning our security deposit neither they have paid interest till date. In reply the company say that it is very old record and they are unable to trace the records. while as company is bound to keep its books of account in the prescribed form and the security deposit is required to be exhibited in the books of a/c under the sub-head Security deposit. This is the violation of SEBI, Rule, Violation of ROC Rule and Violation of RBI act.

This is for information and taking necessary action from your department. As because I am running behind the company since last 1996.

I hope your department will take necessary steps in getting my security deposit back.

Yours truly,

For Quality of India

Mahendra agarwal

Proprietor

Quality of India

10, N S Marg,

c/o Neeru Hotel

Daryaganj,

New Delhi110002

09311384184

Company: PHILIPS MONOPOLY in Business
Country: India
State: Delhi
City: Central Delhi

  <     >