Delivering a lecture on 'sahara vs sebi' case here on friday evening, the eminent lawyer said the supreme court had asked roy not to leave the country when the issue related to a mumbai property. Sebi news in hindi on khabarndtvcom find hindi news articles about sebi sebi hindi news, photos, video & more न्यूज़, ताज़ा ख़बर on ndtv india ndtv business hindi movies cricket health food tech auto apps prime art weddings. Apart from the supreme court, the sebi vs sahara tussle has played out in the media, with sahara issuing full page advertisements in leading newspapers, signed off by roy himself, giving its side.
Sebi which was given powers to freeze sahara’s accounts, attach properties etc sahara has repeatedly missed deadlines to comply with the supreme court’s orders it claims the total money due is only rs 5,200 cr, as the balance amount has already been repaid. Sebi vs sahara case: special sebi court mumbai quashes non bailable warrant issued against subrata roy as he appeared before the court today india live map - indialiveuamap brings top breaking headlines on politics and current affairs in india on live map. Sahara chief subrata roy’s story is a typical rags to riches one starting out with a para banking venture targeting small investors from the nondescript town of gorakhpur, uttar pradesh, he built himself a city called sahara city in lucknow the latter forms the base from where he presides over sahara. The supreme court in sahara india real estate corporation limited and others v securities and exchange board of india and another, while considering the powers of sebi, observed as follows: from a collective perusal of sections 11, 11-a, 11-b and 11-c of the sebi act, the conclusions drawn by sat that on the subject of regulating the.
Sebi's: sahara’s: sebi on the basis of complaint, issued a notice to sahara and called for information on ofcds sahara refused to give information on the grand that sebi has no authority to call for such information sebi & mca had to issue summons calling for information as interest of investors was involved. Sahara group and its two group companies sahara india real estate corporation limited (sirecl) and sahara housing investment corporation limited (shicl) to refund around rs 17,400 crore to their investors within 3 months from the date of the order with an interest of 15. While the sahara group is in the process of complying with the latest supreme court directives of raising the further rs 5000 crore, questions are being raised on the functioning of the market watchdog sebi for its dubious actions.
Close on the heels of ordering attachment of bank accounts, investments and all other assets of two sahara group firms and their promoters, including group chief subrata roy, market watchdog sebi on friday cautioned the investors and general public against transacting with these companies and persons. Sebi disputes sahara's claim that it has paid 95 per cent of its investors from whom it had collected rs 24,000 crores through optionally fully convertible debentures (ofcd) in 2009-10, after the written permission from 2 registrars of companies. Sahara group news in hindi on khabarndtvcom find hindi news articles about sahara group sahara group hindi news, photos, video & more न्यूज़, ताज़ा ख़बर on ndtv india ndtv business hindi movies cricket health food tech auto apps prime art weddings. The companies have 90 days to deposit the money with sebi, which has been tasked by the supreme court to return the money to the investors abhijit sarkar, the sahara spokesperson, did not respond.
The sebi notice said that investors had filed complaints saying they were being forced by sahara agents to switch their investments to some of its other schemes the sebi notice said that investors had filed complaints saying they were being forced by sahara agents to switch their investments to. Sahara says it works tirelessly toward financial inclusion of unbankable people in rural and semiurban areas that do not go to a bank, or are visited by a bank. Securities exchange board of india v sahara india real estate ltd is regarded as one of the landmark cases with reference to the power and jurisdiction of sebi in the case of corporate fundraising.