Sebi's action on Sahara is showing results, but problems remain.
Late 'big bull' Harshad Mehta, largest car maker Maruti and liquor major Shaw Wallace are among top 20 corporate and individual income tax defaulters, Lok Sabha was informed on Friday.
Sahara India was required to submit the title deeds of Rs 20,000 crore (Rs 200 billion) to the marker regulator as per direction of the Supreme Court.
Sahara India was required to submit the title deeds of Rs 20,000 crore (Rs 200 billion) to the marker regulator as per direction of the Supreme Court.
Each member of the Afro-Asian Games gold medal-winning squad was presented a cheque of Rs 150,000.
On February 13, Sebi passed two separate orders, together running into 160 pages, directing attachment of properties and freezing of accounts.
Market regulator Sebi has begun prosecution proceedings against two Sahara firms and their top officials, while accusing them of failing to provide documents related to three crore investors as per a Supreme Court order.
SC adjourns contempt plea to July 17; directs Sebi to start refunding genuine investors.
Even as Sebi probed, OFCD money moved across the globe, Aamby Valley (Mauritius) at centre of global transactions; All transactions legal, no Sebi bar on doing business: Sahara
In the high-profile case involving repayment of money to bondholders of two Sahara group firms, the Securities and Appellate Tribunal on Thursday dismissed a plea for extension of deadline for submitting investor documents to the market regulator Sebi.
SAT has issued order to freeze Subrata Roy's account.
The company is seeking more time to submit documents related to about three crore investors in the case involving two of its group companies.
Sahara group has been engaged in a long-running regulatory and legal battle with Sebi.
The Sahara India Group pulled its team Pune Warriors India out of the Indian Premier League following the Board of Control for Cricket in India's decision to encash the bank guarantee after they failed to pay the franchisee fee.
The troubles regarding Indian Premier League doesn't seem to end as Sahara Pune Warriors failed to pay the full franchise fee for the current year which resulted in BCCI encashing the bank guarantee casting a shadow on its future in the cash-rich league in coming years.
Court also questioned market regulator's lack of action.
The Sahara group today moved the Supreme Court seeking review of the verdict ordering it to refund Rs 24,000 crore, raised from investors through Optionally Fully Convertible Debentures (OFCDs).
The companies have 90 days to deposit the money with Sebi, which has been tasked by the Supreme Court to return the money to the investors.
Sahara Group's recent statement says that the total fund received and raised from public since 1978 till September 30, 2012 with accrued interest, including life insurance policy holders' fund, mutual funds, Credit Cooperative Q shop customers advance, bank loans in India and overseas, etc" stood at Rs 225,000 crore.
Group's hybrid direct selling format also confuses industry
Marketed as a retail venture, Q Shop has been endorsed by top cricketers like Dhoni and Tendulkar to promote Q-shop as a fight against adulteration.
The joint venture of Patel-Uniexcel Group has taken up the Ranchi franchise in the much-hyped Hockey India League, making it the third of the six teams which will compete in the event starting in January next year.
Regulator has set up a special cell to carry out the refunding operation.
In a major setback to the Sahara Group, the Supreme Court on Friday directed two of its companies to refund around Rs 17,400 crore to their investors within three months with 15 per cent interest.
A senior Enforcement Directorate officer on Wednesday moved the Supreme Court accusing two former journalists of intimidating and blackmailing him from conducting a fair probe in the 2G spectrum allocation related case.
Sahara group, whose legal battle with Sebi continues in Supreme Court over refund of over Rs 20,000 crore (Rs 200 billion) to investors, has made a surprise announcement of plans being afoot to hire over 56,000 new employees this year along with investments to the tune of nearly Rs 32,400 crore (Rs 324 billion).
The journalist-turned author will be available for a live chat on rediff.com on Friday, June 6, 3 pm.
The company would be launching dairy business in March next year.
Federation of International Cricketers' Associations CEO Tim May has expressed concern over Sahara India's withdrawal of its franchise, Pune Warriors, from the Indian Premier League.
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
The stand-off between Sahara India and the Board of Control for Cricket in India ended on Thursday, with the former reversing its decision to pull out of the Indian Premier League. After extensive discussions over the past few days Sahara announced that its franchise, Pune Warriors, will take part in the fifth edition of the IPL.
Their relationship with the Indian cricket board (BCCI) may be in troubled waters but Sahara India Pariwar has announced its support to Indian archers, on Saturday, by offering them a total cash incentive of close to Rs 3 million.
Former IPL chairman Lalit Modi on Saturday blamed BCCI President N Srinivasan's arrogant style of functioning for Sahara Group's decision to snap all the ties with the Cricket Board.
In a surprise development, the Indian cricket team's longtime sponsor Sahara India on Saturday ended financial ties with the BCCI and also pulled out of the IPL by withdrawing from Pune Warriors' ownership just hours before the players' auction.
Roy's plea was mentioned before a bench comprising justices K S Radhakrishnan and J S Khehar which said he has to appear on Wednesday.
The Supreme Court has extended the parole of Sahara chief Subrata Roy till July 11 to enable him to deposit Rs 200 crore (Rs 2 billion) with SEBI.
The Ministry of Corporate Affairs (MCA) told a litigation court that both entities were bound by Sebi regulations, as the money raising by the erstwhile Sahara India Real Estate Corp (SIRECL) and Sahara Housing Invest Corp Ltd (SHICL) would come under the definition of public issue.
Monetary rewards continue to trickle in for the Indian men's hockey team. Sahara India Pariwar announced a cash incentive of Rs 1.27 crore for the players and support staff of the side that emerged winners in the just-concluded London Olympics qualifier.
The ongoing stand-off between the Board of Control for Cricket in India and corporate giants Sahara India Pariwar took a new turn on Monday, with the latter accusing the Indian Cricket Board of breaking the rules of their agreement.
A Sebi counsel said the caveat, filed on Saturday, aims to prevent any ex parte decisions.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances