...... it is little coordination between the three regulators -, RBI, Sebi and RoC. After the RBI ordered Sahara India Financial Corporation to stop taking deposits from the public in 2008, two Sahara companies – SIREC and SHIC – started raising OFCDs by avoiding both RBI and Sebi. This could not have been a mere coincidence. Did the RBI not inform the minister of company affairs and Sebi to warn them against Sahara?...........
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