Ofcd

Besides barring these entities from the capital markets for four years, the Securities and Exchange Board of India (Sebi) has ordered them to refund the money along with 15 per cent annual interest.

Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 cr

After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore.

Sebi finds large-scale mismatch in Sahara papers

There are numerous instances of one person having hundreds of accounts, one account having multiple beneficiaries, one person with multiple address and one address having tens of individuals. There are some people whose claimed dues spread over multiple accounts run into crores of rupees.

SC order clear it has no faith in Subrata Roy's contentions

The court, in a judgment dated 31 August 2012, had ordered two of Roy‘s companies – Sahara India Real Estate Corporation and Sahara Housing Investment Corporation – to repay nearly three crore claimed investors Rs 24,000-and-odd crore by 30 November 2012.

Sahara's legal team likely to challenge SC order tomorrow

It will be presenting an application on behalf of Subrata Roy before a bench of Justice Radhakrishnan and Justice Khehar on Wednesday seeking that there is no reason why he should have been kept in judicial custody.

Subarata Roy in police custody: What's the fuss about

After all, Sahara has been one of the most ubiquitous brands on the Indian firmament, sponsoring the cricket team, hobnobbing with top Bollywood stars and top politicians, et al. The man also wraps himself in the flag of nationalism and claims to be a well-wisher of Bharat Mata.

Timeline of the Sebi-Sahara case

The Securities and Exchange Board of India (Sebi) had asked Sahara to refund over Rs 20,000 crore to investors.

Sahara: SC issues non-bailable warrant against Subrata Roy

Subrata Roy had Tuesday applied for exemption from appearance but the appeal had been turned down.

Sebi relies on Sahara order to nail fraudsters

Sebi may still be fighting a legal battle to make Sahara pay over Rs 20,000 crore for refund to investors, but the regulator has cited Supreme Court order in this high-profile case to bring to book operators of at least five illicit money-pooling schemes.

Setback for Sahara: SC bars group cos to sell any property

Supreme Court is not satisfied with the valuation of the properties whose title deeds were submitted by Sahara Group firms to Sebi in compliance with an order dated October 28 that was passed by the apex Court.

SC orders Sahara to submit property deeds worth Rs 20000 cr

CNBC-TV18‘s Malvika Jain reports that the apex court asked Sahara to submit original property deeds worth Rs 20,000 crore to the Sebi, failure to do so will mean, Subrata Roy and other directors of the group will be barred from traveling out of India.

Why SC is running out of patience with Sahara's Subrata Roy

At the last hearing in the seemingly endless case involving the fraudulent issue of OFCDs by two Sahara group companies, the Supreme Court asked market regulator Sebi and the Saharas to settle the case amicably.

Subrata Roy wants to send Sebi on a wild goose chase

Subrata Roy, the controversial chief of the shadowy Sahara Group, surely has half a point when he says that market regulator Sebi, instead of beginning the process of refunding the money owed to investors in two of his companies, has been slow on this front. Instead, Sebi has been focused on targeting him.

Sahara on ad blitzkrieg as date for SEBI summons nears

CNBC-TV18's Ashmit Kumar reports that the Sahara group has resorted to yet another advertising campaign with focus on the group's social activities as the date for SEBI's summons nears.

No respite for Sahara in OFCD refund case

There is no respite for Sahara in the massive OFCD refund case- the Supreme Court has rejected the company's petition to review the apex court's August 31 order.

Sebi may sue Sahara for non-compliance of SC's order

Sahara and Sebi continue to lock horns in Supreme Court. Sebi is likely to file a fresh suit against Sahara for failure to comply with the court's order.

Sahara to submit documents to SEBI by Dec 20

The tussle between SEBI and Sahara in the OFCD case continues. The company is likely to submit all the essential documents to the market regulator by December 20, reports CNBC-TV18's Sajeet Manghat.

SEBI-Sahara: Another Unusual Legal Situation!

There has been a curious turn of events in the SEBI-Sahara battle. SEBI‘s resounding victory on August 31st suffered a setback on December 5th.

Sebi to meet banks, KRAs for KYC job in Sahara case

Market watchdog Sebi will meet tomorrow the public sector banks and KYC Registration Agencies (KRAs) interested in serving as its In-Person Verification (IPV) Agency and interact "face-to-face" with all investors in the high-profile Sahara case to ascertain their genuineness.

Sebi warns investors of Sahara OFCD issue

CNBC-TV18's Sajeet Manghat and Sandeep Srikanth report on Sebi's warning investors from switching their OFCDs to those offered by Sahara Q and Sahara Credit Cooperative schemes.

Sahara seeks review of SC verdict on refunding Rs 24k crore

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).

Pantaloon to issue Rs 200cr pref shrs to Bennett Coleman

Pantaloon Retail Thursday said its board has passed a resolution to change its name to Future Retail India Ltd.

OFCD tussle: Sahara admits to raising Rs 19000cr

In the SEBI-Sahara Optionally Fully Convertible Debentures (OFCD) tussle, Sahara admits to raising Rs 19,000 crore from over 1.21 crore investors. The MCA says, "Companies Act not in conflict of the SEBI Act. It only administers the section under it", reports CNBC-TV18's Tanvi Shukla.

OFCD row: RoC had power to accept or reject, says Sahara

The spat between Sahara and SEBI has been going on for some time now. Today, Subrata Roy promoted Sahara began its arguments at the securities appellate tribunal (SAT).

SC asks Sahara to approach SAT against SEBI's order on OFCD

The Supreme Court today directed Sahara Group firm Sahara India Real Estate Corp to approach the Securities Appellate Tribunal against market regulator SEBI's order directing the return of money collected from investors for an OFCD scheme within a period of three weeks.