Sahara India Pariwar investor fraud case

The Sahara -SEBI case is the case of the issuance of Optionally Fully Convertible Debentures issued by the two companies of Sahara India Pariwar to which Securities and Exchange Board of India had claimed its jurisdiction and objected on why Sahara has not taken permission from it. == Details == Sahara has claimed that the said bonds are hybrid product, thus do not come under the jurisdiction of SEBI, instead is governed by Registrar of Companies (ROC) under Ministry of Corporate Affairs, from which the two companies of Sahara have already taken permission and submitted the red herring prospectus with ROC before issuing the bonds.

Source: Wikipedia — Sahara India Pariwar investor fraud case (CC BY-SA 4.0)