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CLR Snippets | SEBI initiates process of refund to the genuine investors in the matter of Sahara

CLR SnippetsAs per the order of the Hon’ble Supreme Court dated May 8, 2013, SEBI  has initiated the process of refund to the genuine investors who have submitted /would be submitting their claims, in the format (available at website www.sebi.gov.in),  after verifying the  genuineness  of the documents .

The order of the Hon’ble Supreme Court dated May 8, 2013 permitted the refund of the money so far deposited with SEBI by Saharas to the genuine investors with interest, after verifying the genuineness of the documents. As far as genuine investors with multiple deposits are concerned, their claims will be kept on hold till further directions from the Hon’ble Supreme Court.

Mumbai
May 28, 2013

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Tags: InvestorSaharaSahara India PariwarSEBISecurities and Exchange Board of IndiaSubrata RoySupreme CourtSupreme Court of the United States

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