The failure to recover Rs.70.15 crore diverted to promoter company, transfer of promoters shares to 'fit and proper' promoters, submitting an incomplete a board approved business plan, non-reconciliation of two bank accounts, not strengthening .
The Delhi High Court has stayed an order issued by the Centre against nine Sahara Group of Companies, in which the government asked the investigating officials to submit a probe report of the companies.". We hereby stay the operation, .
EPFO raised demand of Rs 33 97 cr from Sahara Group companies, matter sub-judice: Rameswar Teli indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Read more about Sebi cancels Sahara India Financial Corp s registration as sub-broker on Business Standard. The regulator had appointed a designated authority in 2018 to enquire whether Sahara India Financial violated provisions of Intermediaries Regulations
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The Insurance Regulatory and Development Authority of India (IRDAI) has declared four promoter entities of Sahara India Life Insurance Company Ltd as not ‘fit and proper’. IRDAI has also directed these promoter entities to transfer within six months their stake to any other fit and proper promoters.
In its order issued on 30 December 2020, Dr Subhash C Khuntia, chairman of IRDAI, says, As the promoters Sahara India Financial Corporation (SIFCL), Sahara Care Ltd (SCL), Sahara India Commercial Corporation Ltd (SICCL) and Sahara Infrastructure and Housing (SIHL) are no longer found to be “fit and proper,” the shareholding by these four entities should be transferred to any other “fit and proper” promoters within a period of six months, subject to the provisions of IRDAI (Transfer of Equity Shares of Insurance Companies) Regulations, 2015.