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	<title>Property News India and Featured Real Estate Stories &#187; regulatory system</title>
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		<title>Sahara ruling exposes regulators caught off guard</title>
		<link>https://groups.commonfloor.com/news/sahara-ruling-exposes-regulators-caught-off-guard-28540</link>
		<comments>https://groups.commonfloor.com/news/sahara-ruling-exposes-regulators-caught-off-guard-28540#comments</comments>
		<pubDate>Tue, 04 Sep 2012 09:52:15 +0000</pubDate>
		<dc:creator>dipjyoti</dc:creator>
				<category><![CDATA[Court Orders]]></category>
		<category><![CDATA[Delhi-NCR]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Ministry of Corporate Affairs]]></category>
		<category><![CDATA[optionally fully convertible debentures (OFCDs)]]></category>
		<category><![CDATA[Red Herring Prospectus]]></category>
		<category><![CDATA[regulatory system]]></category>
		<category><![CDATA[Sahara Group]]></category>
		<category><![CDATA[Sahara group of companies]]></category>
		<category><![CDATA[Sahara Housing Investment Corporation (SHIC)]]></category>
		<category><![CDATA[Sahara India Real Estate Corporation (SIREC)]]></category>
		<category><![CDATA[Securities and exchange board of India(Sebi)]]></category>
		<category><![CDATA[Supreme Court]]></category>
		<category><![CDATA[Supreme Court ruling]]></category>

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		<description><![CDATA[The recent Supreme Court ruling against Sahara Group implies an indictment of not only Sahara but the regulatory system as a whole. Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC) were instructed by the Supreme Court to refund over Rs 24,000 crore collected through optionally fully convertible debentures (OFCDs). Sahara case [...]]]></description>
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