PIL regarding Sahara Credit Cooperative Society
We filed a PIL today as regards the alleged impropriety of Sahara Credit Cooperative Society Limited in the Luckow bench of Allahabad High Court.
The PIL says that Sahara Credit has been registered as a Cooperative society at registration No UP 35 under the Multi State cooperative Act 2002. The cooperative societies are supposed to facilitate coming together of persons for a common purposes who pool in their resources for their collective goals.
But unlike the purpose of registration, Sahara Credit is known as collecting public money through schemes like Sahara E shine, Sahara A select, Sahara Minor, Sahara M Benefit and Sahara U Golden. Each of these schemes is being operated through workers of Sahara India and talk of various rate of returns and period of deposit.
We have said that this looks like a circuitous route with an intent to get away from the laws of the land related with collection of public money and hence seriously jeopardizes investors' interest.
Hence we have prayed for enquiry into the above facts so to take all necessary action to ensure the complete compliance of the laws prescribed for collection of public money.
Any further information in this regards from any of u shall be extremely helpful for this cause. At the same time, any suggestion, after going thru the PIL will also be very useful to the cause.
We filed a PIL today as regards the alleged impropriety of Sahara Credit Cooperative Society Limited in the Luckow bench of Allahabad High Court.
The PIL says that Sahara Credit has been registered as a Cooperative society at registration No UP 35 under the Multi State cooperative Act 2002. The cooperative societies are supposed to facilitate coming together of persons for a common purposes who pool in their resources for their collective goals.
But unlike the purpose of registration, Sahara Credit is known as collecting public money through schemes like Sahara E shine, Sahara A select, Sahara Minor, Sahara M Benefit and Sahara U Golden. Each of these schemes is being operated through workers of Sahara India and talk of various rate of returns and period of deposit.
We have said that this looks like a circuitous route with an intent to get away from the laws of the land related with collection of public money and hence seriously jeopardizes investors' interest.
Hence we have prayed for enquiry into the above facts so to take all necessary action to ensure the complete compliance of the laws prescribed for collection of public money.
Any further information in this regards from any of u shall be extremely helpful for this cause. At the same time, any suggestion, after going thru the PIL will also be very useful to the cause.
Copy of PIL--
Amitabh Thakur
# 094155-34526
# 094155-34526
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