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Avon Corporation


Consumer complaints and reviews about Avon Corporation

Aug 23, 2013

Non paying of FD on Maturity

FDR for Rs5000 booked thru HDFC Securities has not been paid aftr getting matured on 12/5/2013. Contrary to that I received one letter mentioning inability on the part of company due to certain crisis and requesting for further renewal. This has shaken my faith in such type of investment and I am surprised why HDFC Securities is accepting FDRs for companies which are making false claims.
Gunasekaran Dharmalingam
Aug 22, 2013

Non receipt of maturity proceeds against FD

My FD in AVON had matured on 24/05/2012.
The FD was submitted on 04 Jul 2012 for repayment.
Despite several emails and telephone calls I have not received any payment till date nor any assurances from the firm
Its high time we get together and take it up collectively with MCA/SEBI

Jul 27, 2013

AVON Not paid FD after 1+ year from Maturity date

Avon fixed deposit number C003920 maturity dated 13th July 2012. I have sent them the Original FD and documents after maturity. But not received the money yet.

Please share the escalation details or details to complaint about this firm.

Prashant Kale
Anant Kale
Jul 12, 2013

Non payment of FDR0001962

AVON Corporation is not making payment of myFDR No 0001962 which was due on 28th Oct.2012 inspite of many reminders and my personal visits to the office.
Jul 10, 2013


Jul 9, 2013

Avon Corporation FD repayment default

One of my FD is due for payment on 13.05.2013. The FDR has been sent to them. They are not responding to any email queries. HDFC SECURITIES Ltd were mobilising deposit for this company. Now the investors are in dark. The company stock is traded in BSE stock Xnge. The announcement about BIFR is made through the Xnge already. So scope for getting back the deposit money from this company is bleak. Bse note is given below:

BSE Scripcode : 532995 Company : Avon Corp

Outcome of Board Meeting | 5/30/2013 9:28:43 PM
Avon Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2013, inter alia, has transacted the following :

1. Appointment of Mr. Gaurav Sinha and Mr. Satish Mehta as Independent Director of the Company.

2. Recommendation of Board to file an application before BIFR.
Jun 15, 2013

Avon FD

Iam also waiting for Avon to remit my 3 FDs. I like to pool up with you all for any legal action against them.
Jun 3, 2013

Non-Receipt of FD amount

I had invested Rs 5000/- in One Year Fixed Deposit of Avon Corporation Ltd, Goregaon (W), Mumbai 400062, on 11.08.2011 vide their Fixed Deposit Receipt No. C004185.

This FD matured on 10.08.2012. I submitted my papers on 06 July 2012 to Avon Corpn. Ltd, at their office in Goregaon (W), and was told I would receive the payment on due date, i.e. 10.08.2012.

Since the payment did not come I sent them reminder by email on 13.08.2012 enquiring about my payment and was told by the company on 14.08.2012 by email that the payment is being postponed by 3 months.

Even after the 3 months, I have sent several emails and hard copy letters enquiring about the payment as it was not forthcoming.

It will be a year in another 2 months now that I have not received my payment!

The company has stopped sending replies to my enquiries. Are they dead?

There are several other depositors with this company facing the same problem.

Kindly let me know the course of action I must take.

Thank you,

Titus Manickam Rock,
Apr 6, 2013

Interest not being paid

Avon Corporation Limited mobilized Fixed Deposit through HDFC Securities. Now they are not paying the Quarterly interest as committed. Also they are informing that there was initially a Sales Tax raid and when that was settled an IT raid. Are they not following the law of the land? There penny stock is traded in BSE Exchange. Is there any hope of recovering?
Mar 15, 2013

Not Paying FD after Maturity of the same

Dear Sir/Madam,

I have done Fixed Deposit with Avon Corporation for One year.The Fixed Deposit get Matured in Oct 2012.We have submitted form to with draw the Total(principal & interest) amount.But they are not responding to that. We have called them on land line & mobile no printed on application application form but they are saying -"Our Company is not in condition to pay you this point of time,please contact in next month. This is the statement they are saying from Oct 2012.In Oct they have given dates of Nov, when tried contacting in NOV 2012,thay have given dates on Dec 2012.Now in Dec'12 they are saying, please call us in January.

Need your help to understand Legal Opinion on this, what are the options available to consumer to get his money back from this type of Fraud Investors who is trying cheating there consumers who has invested in his Fixed Deposit.

Rishu Sinha.
Mar 9, 2013

avon fd

my fd with avon matures on 26/5/14.after reading so many complaint i m worried what should i do .
Feb 26, 2013

Employee PF

Avon corporation It's fraud company still we are not receviing the PF A/C no and also they are deducting a PF from the employees salary after resigning still lots of employees not receive the PF and Full and Final Sattelment.... They are also not giving the salary from last 5 months SO I REQUESTING YOU DONT JOIN THE THIS TYPE OF FRAUD COMPANY
Feb 22, 2013

Non Recpt Of FD amt on Maturity

FD number C003937/38 maturity date 13 jul 2012 not received Continuous followups with Avon FD sections have failed. False assurances and no inaction has become the cause of concern.A legal action will be the next available option for customer.
S Sharma
Feb 11, 2013

FD maturity amount not received

My FD with Avon matured on 12th JuIy but till today have not received any maturity amount. I have booked the FD via hdfcsec.com. Every time a send an email to HDFCSec I am getting the same reply that we are in talk with Avon and they will refund your money in 3 months time. Now, it seems different people from HDFCSec give different replies to my mails with one saying you will get your money by this month end and the other saying that Avon will pay by April.

FD No : C003811
Dec 28, 2012

Avon Corporation FD Matured in May 2012

Even i face the same problem my FD matured on 10th MAy 2012 but till date i didnt received my money. whenever i call they said they are having some issues and will send the money after soem time. but till date no use. can you please help, how i can complain on this?

My FD # 500231/COO2770/500231

Dec 7, 2012

Avon Corporation FD Matured in May 2012

Avon Corporation FD matured on 31/05/2012, but have not received the maturity amount as yet. Have received 2 letters postponing payment, the latest suggesting settlement in Jan/Feb next year. Should I be worried as yet? When should I start considering this as a default and what action can I take against the company?


FD C002973
Sep 10, 2012

Non retrun of AVON FD in time

I am also waiting for AVON to return my FD of 1 lac for last one month. I suggest that one of us to take up with Vivek Law program on UTV Fight back who handle issue like this....
Aug 21, 2012

Avon FD maturity cheque not sent

I have been able to file a complaint at http://mca.gov.in/DCAPortalWeb/dca/EFormDisplay.do?method=getForm&contentId=1021&taskID=9501. Session expires if you take long to fill the form. Do it quickly and you will be able to register the complaint.
Aug 18, 2012

FD maturity amount not received

Same problem with me. My FD matured on 27th July. On contacting initially I was told it will be processed by 10th August. On contacting again I was told it will be processed after 3 months due to liquidity isssue. I made a big mistake by putting my money in this company. I like the idea of forming a group and approaching the management. Has anybody filed the complaint in this regards?
Aug 8, 2012

FD Maturity not recieved

Similar problem observing. AVON Corp Ltd, keep on saying next month for cheque delivery. Now they are asking for another 3 months due to liquidity problem. I am worried.
Aug 6, 2012

FD Maturity Not Received

I had invested in FDs of Avon Corporation which have matured in March 2012 and May 2012. I have been following up with company since then to receive the maturity proceeds and every thime they have been giving me assurances to contact after a week and last such date was given to me that they would send the cheques on 4th August. Today when I called them they are saying that they have some financial difficulties and would pay after 3 months.
I suggest we form a group and approach the company management and the regulatory authorities for getting the money back. regards
Aug 2, 2012

Avon FD maturity cheque not sent

Sorry, Siva12 has mentioned the CIN for Avon Corporation as "L29196MH1999PLC118640". But I keep getting "Session Expired" trying to submit the complaint through Ministry of company affairs site...
Aug 2, 2012

Avon FD maturity cheque not sent

Same problem here. Maturity amount of my FD bearing FDR C003510 has not been sent by Avon. I made 7 phone calls and wrote 4 emails but only got false promises from them. (They say it will come on 10th, 20th, 7th and so on, but the cheque is never sent.) Looks like they will default. I bought the FD through hdfc-securities. I have been trying to get help from hdfc-securities on this, but they do not help out with refunds. They only help us with application to such risky FDs. How convenient!

To file complaint with Ministry of Company Affairs online, does anybody know the CIN (Corporate Identification Number) of "Avon Corporation"? There is a search form but it does not return any result for such a company. Is it possible that the company does not really exist?!

Thank you,
Siva12 Send email
Aug 1, 2012

Non receipt of maturity amount

You can complain in Ministry of company affairs site



for Avon corp. ltd.
CIN : L29196MH1999PLC118640
Jul 30, 2012


Refer my earlier complaint...they have given a new date for return on maturity proceeds i.e. 10th August which i doubt they would honor considering what is being written.Any suggestions for recourse from other investors..read that one can complain on www.mca.gov.in but not sure how it works..

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