Sahara India Real Estate Corp Ltd

Besides Mr Roy, two other directors - Ravi Shankar Dubey and Ashok Roy Choudhary - were arrested for failure of the group's two companies - Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) - to comply with the court's August 31, 2012 order to return Rs 24,000 crore to their investors.

Making a fresh bid to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.

In a fresh effort to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked bondholders to submit their claims by next month along with necessary proof of their investments.

To fast track prosecution and investigations initiated by the Securities and Exchange Board of India (Sebi) against defaulters, a special court may be set up soon to hear such cases as the regulator has taken up this matter with the government and judiciary.

Those having invested in various bonds issued by two Sahara firms, Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) have been asked by Sebi to submit their refund applications along with necessary documentary proof by September 30, 2014.

Shares of Sahara Housingfina Corporation today fell over three per cent as Sahara Group chief Subrata Roy, who was arrested on Friday, appeared in the Supreme Court.

The Supreme Court on Tuesday raised question on how Sahara transacted thousands of crores in cash with its sister firms for purportedly refunding Rs 20,000 crore to its investors after market regulator Securities and Exchange Board of India (Sebi) alleged that no bank statement was furnished by the group to show the money trail.

The Sahara group, whose legal battle with market watchdog Securities and Exchange Board of India (Sebi) continues in the Supreme Court over refund of over Rs 20,000 crore 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.

The Securities Appellatte Tribunal (SAT) on Wednesday disposed of four appeals by Sahara group entities and the group's chief, Subrata Roy.

Sahara group has approached the Securities Appellate Tribunal (SAT) with a fresh appeal against the Securities and Exchange Board of India (Sebi), challenging penalty proceedings initiated by the market regulator against Sahara India Real Estate Corporation Ltd (SIRECL).

Two Sahara Group firms and their chief Subrata Roy, facing contempt proceedings for alleged non-refund of around Rs 24,000 crores to investors, told the Supreme Court on Monday that contempt proceedings cannot be started for ensuring compliance of the orders in a financial matter like this.

The Supreme Court said on Tuesday that it is "extremely difficult" to believe Sahara group's contention that it had refunded Rs 22,000 crore to its investors even before an order was passed directing its firm to deposit Rs 24,000 with market regulator Securities and Exchange Board of India (Sebi).

Sahara group has told the Supreme Court that its chief, Subrata Roy, is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of market regulator Securities and Exchange Board of India (Sebi), which wanted his passport to be impounded till the contempt plea against him and companies, is decided...

The government has asked Securities and Exchange Board of India (Sebi) to set up a committee to look into compatibility of market watchdog's regulations for private placement of securities with the proposed measures in this regard in the new Companies Bill.

The Supreme Court had asked the two Sahara firms -- Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) -- to refund through Sebi more than Rs 24,000 crore to the bondholders with interest.

Besides Mr Roy, two other directors - Ravi Shankar Dubey and Ashok Roy Choudhary - were arrested for failure of the group's two companies - Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) - to comply with the court's August 31, 2012 order to return Rs 24,000 crore to their investors.

Making a fresh bid to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked the bondholders of two Sahara firms to submit their claims along with the proof of investments.

In a fresh effort to locate Sahara investors eligible for refunds, the Securities and Exchange Board of India (Sebi) has asked bondholders to submit their claims by next month along with necessary proof of their investments.

To fast track prosecution and investigations initiated by the Securities and Exchange Board of India (Sebi) against defaulters, a special court may be set up soon to hear such cases as the regulator has taken up this matter with the government and judiciary.

Those having invested in various bonds issued by two Sahara firms, Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) have been asked by Sebi to submit their refund applications along with necessary documentary proof by September 30, 2014.

Shares of Sahara Housingfina Corporation today fell over three per cent as Sahara Group chief Subrata Roy, who was arrested on Friday, appeared in the Supreme Court.

The Supreme Court on Tuesday raised question on how Sahara transacted thousands of crores in cash with its sister firms for purportedly refunding Rs 20,000 crore to its investors after market regulator Securities and Exchange Board of India (Sebi) alleged that no bank statement was furnished by the group to show the money trail.

The Sahara group, whose legal battle with market watchdog Securities and Exchange Board of India (Sebi) continues in the Supreme Court over refund of over Rs 20,000 crore 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.

The Securities Appellatte Tribunal (SAT) on Wednesday disposed of four appeals by Sahara group entities and the group's chief, Subrata Roy.

Sahara group has approached the Securities Appellate Tribunal (SAT) with a fresh appeal against the Securities and Exchange Board of India (Sebi), challenging penalty proceedings initiated by the market regulator against Sahara India Real Estate Corporation Ltd (SIRECL).

Two Sahara Group firms and their chief Subrata Roy, facing contempt proceedings for alleged non-refund of around Rs 24,000 crores to investors, told the Supreme Court on Monday that contempt proceedings cannot be started for ensuring compliance of the orders in a financial matter like this.

The Supreme Court said on Tuesday that it is "extremely difficult" to believe Sahara group's contention that it had refunded Rs 22,000 crore to its investors even before an order was passed directing its firm to deposit Rs 24,000 with market regulator Securities and Exchange Board of India (Sebi).

Sahara group has told the Supreme Court that its chief, Subrata Roy, is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of market regulator Securities and Exchange Board of India (Sebi), which wanted his passport to be impounded till the contempt plea against him and companies, is decided...

The government has asked Securities and Exchange Board of India (Sebi) to set up a committee to look into compatibility of market watchdog's regulations for private placement of securities with the proposed measures in this regard in the new Companies Bill.

The Supreme Court had asked the two Sahara firms -- Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) -- to refund through Sebi more than Rs 24,000 crore to the bondholders with interest.