Saturday, December 3, 2022
HomeBusinessSahara India Pariwar: Money started getting stuck in Sahara India, government in...

Sahara India Pariwar: Money started getting stuck in Sahara India, government in action

Sahara India Investor Refund Status: If you had invested money in Sahara India as your own investment, and that money has been stuck for years, then the central government is on the way for its return. This news will be comforting for the people who are stuck in Sahara. The central government is in action regarding the refund of Sahara India. Many big actions have also been taken by the central government.

12 crore fine imposed
Markets regulator SEBI has also imposed a hefty fine of Rs 12 crore on two companies of Sahara Group, Subrata Roy and 3 others. Let us tell you that the government has given this information as to when the investors of Sahara India can get their money back.

get back crores of rupees
The Central Government told about Sahara India that so far SEBI has been able to return only Rs 138.07 crore including interest to the investors of Sahara. Sahara India Real Estate Corporation Limited (SIRECL) collected Rs 19400.87 crore from 232.85 lakh investors and Sahara Housing Investment Corporation Ltd. collected Rs 6380.50 crore from 75.14 lakh investors. That is, even now crores of rupees of investors are trapped.

refund so much
The Supreme Court ordered on August 31, 2012, after which Sahara India has deposited Rs 15,503.69 crore in ‘SEBI-Sahara Refund’ account till December 31, 2021, against the principal amount of Rs 25,781.37 crore deposited from investors. According to finance sources, SEBI has received 19,644 applications relating to 53,642 original bond certificates/pass books for a total principal amount of Rs 81.70 crore. SEBI has refunded 48,326 original bond certificates/passbooks to 17,526 eligible bondholders totaling Rs 138.07 crore.

when will you get the rest of the money
The Ministry of Finance informed about the recovery of the trapped money of the investors of Sahara India that the Security and Exchange Board of India has given information about Sahara India Real Estate Corporation Limited and Sahara India Real Estate Corporation Limited. Orders have been issued related to two special Sahara companies named Housing Investment Corporation Limited. The government said that their records are not being traced in the documents and data given by the rest of the applications either SIRECL and SHICL. After which the questions asked to SEBI were closed due to no response from the bondholders.

- Advertisement -

- Advertisment -

- Advertisment -spot_imgspot_imgspot_img


Two Wheeler


Digit News