Monday, June 24, 2013

Sahara freeze order gets Sebi Rs 52 cr in cash, investments

....After passing its attachment orders, Sebi informed all the banks, depositories, mutual funds and NBFCs, among others, about the matter and also requested Reserve Bank of India (RBI) to direct the chiefs of the banks to transfer the money of Sahara firms to a designated Sebi account. Sebi had also approached the Collectors of as many as 600 districts to request them not to permit the concerned Sahara entities and persons from any sale or transfer of properties attached by the regulator..........

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