Sahara bondholders must have a bank account for refund, SEBI

New Delhi, May 2 (IANS) The Supreme Court Thursday suspended proceedings before the Securities Appellate Tribunal (SAT) and the Allahabad High Court till it gives ruling on the market regulator's plea for contempt proceedings against two Sahara ...

New Delhi : In the high-profile Sahara case involving refund of over Rs 24,000 crore to investors, market regulator Sebi has got a new problem at hand -- that is handling the huge volumes of refund claims with majority of them being without necessary ...

As 'chit-fund' schemes promising dream returns multiply across India, the Securities & Exchange Board of India is finding it increasingly difficult to repay poor investors in the Sahara Group racket. The Supreme Court last month ordered SEBI to ...

June 3 (Bloomberg) -- Subrata Roy, under pressure from Indian regulators and ordered by the nation's Supreme Court to refund $4.3 billion to bondholders, wants a banking license. His Sahara group's financial-services companies, which say they have ...

Over three-and-a-half years after receiving draft papers for the proposed IPO of Sahara Prime City Ltd, Sebi has formally closed this file as the company failed to submit clarifications sought by the market regulator.Sebi closed file on the Rs 3,450-crore (Rs 34.5 billion) IPO proposal last week without any go-ahead for public issue, after various clarifications sought from merchant bankers for the share sale remained pending for months together.Sebi had received the draft prospectus for the ...

A division bench of the Lucknow High Court will hear the Sahara-Securities Exchange Board of India (Sebi) case on Friday. Subrata Roy led Sahara India had filed a writ petition seeking to quash the market regulator's February 13 order. The court had directed ...

Mumbai : Tightening its noose around Sahara group, market regulator Sebi on Tuesday asked Sahara group chief Subrata Roy and three other top executives to submit details of their assets, bank accounts and tax returns by April 8 followed by personal hearings ...

There are a few things about Subrata Roy Sahara that even his harshest critics accept. That the man is a visionary his mammoth investments in media, housing, hotel, sports and other industries being compelling evidence. That his open assertions of ...

, the Subrata Roy-led conglomerate has bought 25 acres in Bangalore's IT hub Whitefield for Rs 149 crore from the Asset Reconstruction Company of India (Arcil), which had picked it up from a clutch of banks and financial Institutions after the ...