Sebi files contempt plea against Sahara in SC
PrintListen to this Article
Market regulator Sebi on Friday filed a contempt petition against theSahara Group in the Supreme Court for not complying with the apex court’s directions relating to refund of around Rs 24,000 crore raised by two of the Group’s firms from investors through optionally fullyconvertible debentures.
Sebi has said that the two firms, Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC), have not followed the court’s direction to furnish within 10 days the information about the investors. The petition has been filed two weeks after the apex court asked Sebi to take action as per the law for not following its directions to SIREC and SHIC to refund around Rs 24,000 crore to investors within three months. (Indian Express)
Category : SEBI | Comments : 0 | Hits : 257
SEBI Mandates AIFs to Upload NAV Data on Depository Platforms To strengthen disclosure standards and streamline processes, the Securities and Exchange Board of India (SEBI) has instructed Alternati...
India's securities regulator has accused current and former executives at the local units of PwC and EY, among others, of breaching insider trading rules involving a 2022 share sale by Yes Bank, a...
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawf...
Comments