SEBI has sent a demand notice of 6.48 crore rupees to the company of Sahara Group, know what it is! 2023

The regulator has also warned of confiscation of assets and bank accounts in case of failure to deposit money. These entities have not paid the fine imposed by SEBI.

Subrata Roy (photo)

Securities and Exchange Board of India (SEBI) Sahara Housing Investment Corporation, a Sahara Group company, on Thursday in a case of violation of (SHIC)rules by its head Subrata Roy (Subrata Roy) And others have been served notices asking them to deposit Rs 6.48 crore within 15 days. The regulator has also warned of confiscation of assets and bank accounts in case of failure to deposit money. These entities did not pay the fine imposed by SEBI. Then an announcement was made to them.

fined 12 billion VND

SEBI, in its June order, imposed a fine of Rs 12 crore on two Sahara Group companies – Sahara Housing Investment Corporation and Sahara India Real Estate Corporation (now Sahara Commodity Services Corporation). and Subrata Roy, Ashok Roy Chowdhury, Ravi Shankar Dubey. Vandana Bhargava. imposed

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Violation of rules

These entities were fined for violating legal regulations on issuance of Optionally Fully Convertible Bonds (OFCD). The matter pertains to the issuance of OFCDs by Sahara Real Estate Corporation of India and Sahara Housing Investment Corporation during 2008-09.

TagSahara Group Sahara Subrata Roy sebi SEBI Sahara Case

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Source: Tekmonk Bio, Make Money Blogging

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