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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

RESIDUARY NON-BANKING CO.: ORDERED TO LODGE ALL SECURITIES HELD IN CUSTODY WITH THE DESIGNATED BANK FOR CUSTODY

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person SAHARA INDIA FINANCIAL CORP.LTD.
  VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI   PROHIBITED FROM ACCEPTING DEPOSITS

ORDERED TO REPAY PUBLIC DEPOSITS

ORDERED TO LODGE ALL SECURITIES HELD IN CUSTODY WITH THE DESIGNATED BANK FOR CUSTODY

04-JUN-2008 		FRESH ORDER PASSES BY RBI:I) DIRECTED NOT TO ACCEPT NEW DEPOSIT WHICH MATURES BEYOND JUNE 30, 2011 AND STOP ACCEPTING INSTALLMENTS OF EXISTING DEPOSIT ACCOUNTS (II) REPAY DEPOSITS AS AND WHEN THEY MATURE AND BRING THE ALD TO ZERO ON OR BEFORE JUNE 30, 2015(CLICK HERE FOR COMPLETE ORDER)

APPEAL FILED AT SUPREME COURT OF INDIA AND COURT DIRECTED APPELLANT TO REAPPEAR ON 12/06/2008,AFTER CONSIDERING ALL THE FACTS RBI WILL PASS FRESH ORDER TILL THEN ORDER DATED 04/06/2008 SHALL NOT BE GIVEN EFFECT

NOT APPEARING IN THE LIST DATED 01/12/2015  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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