TIMESHARE INVESTMENTS & STOWA

STOWA - Securities and Timeshare Owners" Association, headquartered at Chennai is a Not for Profit Organisation, striving for the rights of different types of Investors, for more than 15 years.

We have been organizing various awareness programs for the benefit of the small & retail investors independently and jointly with Organisations like the Hindustan Chamber of Commerce, The Chartered Accountants Study Circle, Madras Stock Exchange Ltd and various other Organisations.

During the last few years, we have been receiving numerous letters from a large number of Investors, complaining about the way of functioning of a few Timeshare Companies. Investors have put in their hard earned savings based on the assurances given by these Companies. 

However, most of these promises have not been kept, after the investors have parted with their money. Crores and Crores of Rupees have been collected this way through misleading promos and advertisements, and  the application of such funds needs to be probed, as these Companies come back to the Investors again & again to collect money as AMC, ASF, Guest Fee, Utility Charges, etc.

We have prepared a separate note, listing out the need for regulating this sector and reasons to bring it under the SEBI”s CIS Regulations, 1999. We were given to understand that even as on date, such Companies very well fall under the jurisdiction of SEBI, as per the said Regulations and hence, it is time to act and save the investor and his investments!

More on it . . . later !