Will Government Benefit From Sahara's Rs 25,000 Crore Undistributed Funds?
NDTV
It will be very premature of the SEBI to transfer the money, more so since the process of transferring via the Sahara refund portal is still going on, said government sources.
Sahara Group founder Subrata Roy's death last week brought to focus the undistributed funds of over Rs 25,000 crore lying with the share market regulator for more than a decade.
What happens to those unclaimed funds? Will the unclaimed money be refunded to the Consolidated Fund of India? Is the government exploring this option after Mr Roy's death last Tuesday?
It will be very premature of the Securities and Exchange Board of India (SEBI) to transfer the money, more so since the process of transferring via the Sahara refund portal is still going on, said government sources.
