Sahara Investors Received Just Rs129 Crore Out of Rs23,191 Crore Held by SEBI moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
1
Terming Sahara India Financial Corp Ltd as an entity not fit & proper , market regulator Securities and Exchange Board of India (SEBI) has cancelled registration of the Sahara group unit as sub-broker of National Stock Exchange (NSE) and BSE.
In an order, G Mahalingam, whole-time member (WTM) of SEBI, says, Subrata Roy Sahara is a promoter and continues to hold substantial shareholding in Sahara India Financial Corp and therefore, is also capable of exercising control and influence over the management of the Sahara India Financial Corp, thereby making it not a ‘fit and proper person’ in terms of Regulation 7(2)(e) read with Schedule II of the Intermediaries Regulations, to continue to act as a sub-broker.
Sahara SEBI Case: Supreme Court declines to stay auction of Aamby Valley
Sahara SEBI Case: Supreme Court declines to stay auction of Aamby Valley
The Supreme Court On Thursday Refused To Accept Sahara Chief Subrata Royâs Plea To Put On Hold The Auction Process Of The Groupâs Project Aamby Valley In Pune District Of Maharashtra. PTI | Updated on: 10 Aug 2017, 06:14:40 PM
New Delhi:
The Supreme Court on Thursday refused to accept Sahara chief Subrata Roy’s plea to put on hold the auction process of the group’s project Aamby Valley in Pune district of Maharashtra.
A bench of justices Dipak Misra, Ranjan Gogoi and A K Sikri said, “The prayer of the contemnor (Roy) is hereby rejected.”
Supreme Court grants 10 days to Subrata Roy to pay Rs 709 cr to SEBI
Supreme Court grants 10 days to Subrata Roy to pay Rs 709 cr to SEBI
Roy, Who Was Present In Courtroom On Monday, Had Told The Court That He Will Pay Rs 1,500 Crore On Or Before June 15 And Rs 552.22 Crore Exactly A Month Thereafter. PTI | Updated on: 19 Jun 2017, 10:42:50 PM
New Delhi:
The Supreme Court on Monday extended till July 4 the time for embattled Sahara chief Subrata Roy to deposit Rs 709.82 crore, out of Rs 1,500 crore which was to be paid by June 15, with a warning that failure to pay the remainder may again land him in jail.