Reclaiming illegally taken money from SAHARA

Read the terms and conditions of the scheme, and note what the exit option is. If there is one without any penalty or deductions, and you do not see any hassles, take back your money.

If you are not facilitated by the company and you do not see any recourse/remedy:

-Obtain the copies of the circulars of RBI, SEBI and check with them if these have not been withdrawn.

You can either visit them or speak to them at their nearest office.

-Once you have confirmed, you can issue a notice to the company for illegal/unfair practices, since they are not authorized by the regulators, and ask for refund of money + interest.

-If this does not fetch you any result, you have the option of lodging a complaint with consumer forum, or courts of law.

It shall be appropriate to show all documents to a competent lawyer/law firm before you proceed to take any action.

Dear Pradumn,

If the money is being raised in the name of some other registered company, not related to Sahara Group, you may have to feel helpless, unless you can prove any link between the said company with Sahara Group of companies or the intentions of the fund raising company to illegally raise funds just to shield Mr. Subroto Roy. Articles do appear, but proof must be there to get hold of the culprit.

Yours

SUPER SPECIALTY SERVICES FOUNDATION (INDIA)

The query was not searched just for answering. It was available on the page of some other query under the the caption, "Related Threads." Anyway, sorry, could not see the posting period of the query.