Sahara India is a financial services company that has been involved in a long-standing legal battle with the Securities and Exchange Board of India (SEBI) over refunding money to investors. If you are one of the investors who needs to claim a refund from Sahara India, here is a general outline of the refund procedure:
Check if you are eligible: The first step is to determine if you are eligible for a refund. This will depend on the particular investment scheme you have invested in and the amount you have invested. You can check the SEBI website for more information on eligibility criteria.
Submit your claim: If you are eligible for a refund, you will need to submit your claim to the designated authority. The SEBI has appointed a refund mechanism committee to oversee the refund process. You can download the claim forms from the SEBI website or collect them from designated branches of Sahara India.
Provide supporting documents: Along with the claim form, you will need to submit supporting documents such as your investment certificate, proof of identity, and proof of address.
Await verification: Once you have submitted your claim and supporting documents, the refund mechanism committee will verify the claim and the authenticity of the documents. This process may take some time, and you may be required to provide additional documents or information if needed.
Receive the refund: Once your claim has been verified, you will receive the refund amount through a cheque or direct credit to your bank account.
Note that the exact procedure for claiming a refund from Sahara India may vary depending on your specific circumstances. It is best to check the SEBI website or contact their helpline for more information on the refund process
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