SC to hear Sahara plea against giving investor details to Sebi
PrintListen to this Article
The Supreme Court will tomorrow hear Sahara Group's petition against the orders of the Allahabad High Court, which directed the company to share with market regulator Sebi details of investors participating in its fund raising exercise.
The matter will be heard by a 3-judge bench, headed by Chief Justice S H Kapadia.
On May 2, the apex court had adjourned the matter for a week after the group's investment arm Sahara India Real Estate Corporation sought time to file documents.
The High Court had dismissed Sahara Group plea to vacate its earlier order, which allowed Sebi to collect information on two of its Optionally Fully Convertible Debentures (OFCDs) schemes.
On April 29, the court said the group had not complied with its order to provide the required information for Sebi.
Category : General | Comments : 0 | Hits : 340
India Features in World Bank’s Top Five Rankings for Private Investment in Infrastructure
Infrastructure remains a cornerstone of India’s long-term growth framework, with public capital expenditure maintaining a consistent upward momentum since FY15. A defining development in th...
India's FY26 GDP Growth Projected at 7.4%, Supported by Strong Consumption and Investment Momentum
India’s economy is projected to expand by 7.4 per cent in FY26, supported by the twin drivers of consumption and investment, reinforcing its position as the world’s fastest-growing major e...
Retirement fund body EPFO has said it will no longer use Aadhaar as a valid document for proof of date of birth. In an official circular on January 16, the Employees' Provident Fund Org...
Comments