Sahara Q Shop Under SFIO Lens; SEBI refunds Rs98.56 crore to 12,522 Investors of SIRECL, SHICL
Moneylife Digital Team 22 December 2018
Sahara group subsidiary Sahara Q Shop Unique Products Range Ltd is being probed by the Serious Fraud Investigation Office (SFIO) following complaints by 744 people, the Lok Sabha was informed. Separately, market regulator SEBI has refunded Rs98.56 crore, including interest to over 12,500 investors, shows the reply in the lower house.
 
In a written reply, Pon Radhakrishnan, minister of state for finance, said, "The registrar of companies (ROC) office at Mumbai has received 744 complaints against Sahara Q Shop. As per the recommendation from the ROC, the ministry of corporate affairs (MCA) has ordered investigation into the affairs of the company to be conducted by SFIO vide order dated 31 October 2018."
 
Replying on a question whether investments in other Sahara group companies, like Sahara Q Shop are covered by the Supreme Court's 31 August 2012 order, the minister replied in negative. He said, "The Supreme Court directed SEBI to make refunds to only those investors who invested in optionally fully convertible debentures (OFCDs) of Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL).
 
As on March 2018, SEBI had received 15,146 application involving 43,405 accounts and refunded Rs98.56 crore, including an interest of Rs45.26 crore to 12,522 applicants involving 35,300 accounts, Mr Radhakrishnan informed the Lok Sabha.
 
Earlier on 31 October 2018, the market regulator had asked Sahara India Commercial Corp Ltd (SICCL) and its promoters, directors to refund with 15% interest per annum, amount collected from investors for investment in OFCDs of the company.
Lucky Thakur
4 years ago
Dear sir ji kab tak mileage humare paise
Satish Kamble
4 years ago
Dear sir i don't have PACl issued bound ,but i have the recites,what should i do
terence ds
4 years ago
Query
Hello I am TERENCE
My sister in law had submitted all the required documents to PACL office at the time of maturity 2 years back..but no money was received on submission
Now there are physical PACL office in Mangalore
She has submitted all the documents and haven't received Money yet
Right now she has no proof to apply for claim
What shall be the remedy ?
Pls help us on the same ..
PRAKASH RANJAN
4 years ago
SIR MY NAME IS CHANGE IN PAN CARD , WHAT SHOULD BE DO
sindhu raj
4 years ago
When our money is refund our account. We check in online but its not active
Parameshwar Chanagond
4 years ago
Goole
Subramanian Arumugam
4 years ago
Sirs, In Stage 2, Bank Details, "name of the bank" column is not active and does not come active at all. Resulting to unable to complete the submission of my claim.
balram
Replied to Subramanian Arumugam comment 4 years ago
SAME ISSUE WITH ME
Hadiya Prabhu
4 years ago
भुगतान न होने के कारण सहारा प्रबंधन और एरिया मैनेजर समेत 6 जनो के खिलाफ FIR दर्ज कराइ गयी हैं। || Sahara India Latest News||
https://www.awnini.in/2019/02/sahara-q-shop-plan-sahara-india-latest-news-sebi.html?m=1
PAWAN SUKHEN
4 years ago
If I don't have PAN card than ??
Kishan Suthar
4 years ago
Refund
Gurpreet Singh
4 years ago
tell me about webside i want fill my form regarding refund of this policy
manya
4 years ago
Star World Research Indore based Advisory company done fraud with Many Innocent Investor. I want to focus this same infront of you. Me Manish Kumar Gour is proprietor of this fraud company. lot of complaints are pending against Star World Research in SEBI. still we are not getting any justice.

Big scam in stock advisory company. please be alert from this fraud company. employee talk with fraud name and not proving legal information. illegal plans are given by employee of star world research. A big action required against this fraud company. The details of Company are as follows
:STAR WORLD RESEARCH
MANISH KUMAR GOUR PROP. STAR WORLD RESEARCH
Registration No.-INA000005499
[email protected]
Telephone-07316544487
Fax No.07316544487
Address-PLOT NO. 42, FLAT 201, MR-3, INDORE, MADHYA PRADESH, 452001.

very fraud company. please don't invest in this fraud company
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