SECP cautious against La Ville De Paris

Staff Reporter

To protect the general public from unlawful/illegal activities being carried out by various companies, the SECP, frequently issues public warnings advising the general public to refrain from investing in any fraudulent investment scheme.

Recently, it has been noticed form print and electronic media that a company namely “La Ville De Paris Housing Scheme Limited” a sister concern of “Master Tiles & Ceramics Industries Limited” is inviting public to purchase certificate namely Le Paris Registration Certificate to become entitled for investment in residential and commercial property schemes to be launched by the company in future.

While company is offering a minimum guaranteed return per certificate and eligibility for lucrative cash prizes through a lucky draw.

The general public is hereby informed that investment opportunity, whereby any future return/benefit, determined by chance or lottery or like manner, is assured or promised in return for a deposit or contribution is an unlawful activity and is a ground for winding up of such a company in terms of section 301 of the Companies Act, 2017.

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