Subrata Roy death: If after verification of details furnished, Sebi is unable to find the whereabouts of all or any of its subscribers then the amount collected from such subscribers would be appropriated to the government.
Sahara Group founder Subrata Roy's death last week brought to focus the undistributed funds of over Rs 25,000 crore lying with the share market regulator for more than a decade.
India News: Following the death of Sahara group founder Subrata Roy, the Securities and Exchange Board of India (Sebi) is working to return Rs 25,000 crore of unc
Sahara empire was built on a carefully cultivated image of a benevolent businessman, but once regulators entered, none of his connections could stop freefall