SEBI makes fresh bid to find Sahara investors

2
BUSINESS
MONDAY ! MAY 4, 2015
LAND & PROPERTY
1.05 Katha land at Tarun
Nagar, 1.13K Rukminigaon,
2K with new building
Bhangagarh, 2B industrial
land with industrial shed,
18B, 13B, 6B, 2B industrial
converted land Changsari,
4B first plot Amingaon, 1000
sq.ft, 2100 sq.ft. office
space, 2400 sq.ft. fully
furnished flat for sale.
Contact
Shree
Jain
Properties - 98640-34949.
Godown or industrial shed
on rent 3000 sq.ft, 8000,
17000, 37000, 64000 sq.ft.
Beltola, Lokhra, Boragaon.
Cont: 98645-34949.
40675
GODOWN AVAILABLE
Godown available for rent
15000 x 2 = 30000 sq.ft. at
National Highway, Beltola,
Guwahati, & 5500, 10500
sq.ft. at Khanapara in
Meghalaya side and 20000
industrial land with 4200
sq.ft. industrial shed at
Gauripur, Amingaon. Ph:
94350-48476, 94350-44348
41753
LAND & PROPERTY
One RCC factory shed/
godown available for sale
25000 sq.ft. or for lease
50000 sq.ft. (ground floor
25000 ready + 1st floor
25000
sq.ft.
under
construction) at Amingaon &
ownership flats at Sarab
Bhatti near Arya College &
shop/office at S.R.C.B.
Road, Guwahati. Contact
0361-2131514/9864044672
(10.30 am to 6 pm).
41687
LOST
I have lost my H.S.L.C.
Admit Card & Marksheet
bearing Roll No. 215 year of
1968.
Abdul Ghani
Phalihamari Pam
Morigaon
NAME CHANGE
I Smti. Manju Boro D/o
Chatyaranjan Basumatary
resident of No. 1 Sapkhaiti,
P.O. Udalguri, (BTAD),
District Udalguri (BTAD), Do
hereby declare that I have
changed my name from
Manju Boro to Manju
Basumatary. Henceforth
shall be known as Manju
Basumatary.
NAME CORRIGENDUM
In my H.S.L.C. Certificate my
name appeared as Abdul
Ghani, S/o. Jahed Ali. But
my original name is Abdul
Goni
Abdul Gani
S/o Jahed Ali
Vill : Phalihamari Pam
Dist : Morigaon (Assam)
CHANGE OF NAMES
I, Md Kamal Uddin S/o Md
Mahammad
Ali
@
Mahammad Ali of Vill & PO
Karaiuni, PS Murajhar, Dist.
Nagaon Assam Pin 782439. Have changed
names to Kamal Uddin S/o
Mahmad Ali by an Affidavit
before the Notary at
Sankardev Nagar Court on
02.05.2015.
SEBI makes fresh bid to
find Sahara investors
JK Business
School to hold
counselling
session
GUWAHATI, MAY 3: JK
Business School, country’s leading centre for
management education,
heal a counseling session
for management aspirants
at Hotel LandMark Dr B.
Barooah Road, Ulubari,
Guwahati today, stated a
press release.
Senior faculty members
from JKBS will conduct
group discussion and personal interviews (GDPI) as
part of the counseling session to test and apprise
students of their aptitudinal abilities and identify
areas for improvement.
“Career counselling session is a good opportunity
for MBA aspirants to test
their preparedness and
aptitude for MBA programme. I am sure students will gain tremendously from the career
guidance provide by the
outstanding faculty members of JKBS. All aspirants should take advantage of this opportunity as
this will also help them an
informed choice about future course of action,” said
Dr Sakhuja, Dean, JKBS.
JKBS will also be showcasing its academic and
campus strengths a day
earlier during the ‘Career
Fair’ being held at TRP Indoor Stadium on May 1
and 2. Visitors and aspirants can have detailed information about JKBS programme, faculty, campus
facilities and placement
support for its students.
Established in 2006,
JKBS swiftly rose to be
among the best B-Schools
in India and has been consistently being ranked
among the Top 10 BSchool in India across relevant parameters by credible agencies and publications.
JKBS PGDM programme
is designed to inspire, innovate and create. It’s a
combination of exhaustive
series of stimulating workshops, lively seminars,
resolute team work, proactive tasking together
with classroom excellence
to prepare business leaders of tomorrow.
Textile dyeing
factories
demolished
ERODE, MAY 3: Tamil
Nadu Pollution Control
Board (TNPCB) personnel
have demolished two textile dyeing factories which
were running without license and for discharging
untreated effluent into the
drains. Agencies
Pepsi launches
consumer promo
during Pepsi IPL
NEW DELHI, MAY 3 : During Pepsi IPL, Pepsi has accorded consumers the chance to win a prize every minute
with an offer that will be rolled out on over 200 million
bottles, stated a company press release.
The release mentioned thus : Want to catch your favourite Pepsi IPL match with friends on a brand new home
theatre? Or flaunt your loyalty with your favourite Pepsi
IPL team’s jersey? All you have to do is grab a bottle of
Pepsi, look under the label or crown and send the code
to 09227792277. Consumers can win autographed minibats every minute, Pepsi IPL team jerseys every hour,
and a home theatre mega prize every day!
Speaking on the offer, Ruchira Jaitly, Senior Director,
Marketing (Social Beverages), said “The Pepsi IPL is a
celebration of what India loves most. With the Pepsi “Win
Every Minute” offer, we want to ensure that every Indian
celebrates his/her passion for the game with special
Pepsi IPL merchandise. As India plays up its passion for
the game this Pepsi IPL season, we will dial up the rewards, making this a mega–offer that matches the megaevent that Pepsi IPL is.”
Virat Kohli, captain of Royal Challengers Bangalore,
youth icon and brand ambassador for Pepsi said, “I am
delighted to be associated with a brand that puts consumers at the centre of everything that it does. With this
awesome new promotion, Pepsi has hit the ball out of
the park – giving consumers a chance to not just Live it
Abhi, but Win it Abhi!”
This offer is available Pan-India on Pepsi PET bottles
— 400ml, 500ml, 600ml, 750ml, 2l, 2.25l — where consumers can look for the unique code under the crown,
the release added.
MUMBAI, MAY 3: Making
a fresh bid to locate Sahara investors eligible for refunds, capital markets regulator Sebi has asked the
bondholders of two Saha-
Refunds
Aditya Birla Group Chairman, Kumar Mangalam Birla and Sushil Agarwal, CFO,
Aditya Birla Nuvo during the announcement of India's largest pure play branded
apparels company, in Mumbai on Sunday. PTI Photo
Govt may impose anti-dumping
duty on Chinese calculators
NEW DELHI, MAY 3: The government
may impose anti-dumping duty of up to
$1.22 per piece on Chinese electronic calculators to protect the domestic makers
from cheap imports.
The Directorate General of Anti-dumping and Allied Duties
(DGAD), in its final
findings of the investigation has said that
calculators have been
exported to India from
China below the normal value and “thus,
resulting in dumping
of the product”.
The probe was initiated over a complaint filed by Ajanta Pvt
Ltd on behalf of the domestic industry.
“The Authority (DGAD) recommends
imposition of definitive anti-dumping... So
as to remove the injury to the domestic
industry,” said a notification from the commerce ministry.
The recommended anti-dumping duty
ranges between $0.28 per piece and
$1.22 per piece.
Anti-dumping duty is recommended by
the commerce ministry, while the finance
ministry imposes it.
Imports of electronic calculators were increased from 1.90 crore pieces to 3.15
crore pieces during
April 2012 to March
2013.
The government has
imposed these duties
on several other products, including products from chemical
sector, from China.
Unlike safeguard duties, which are levied
in a uniform way, anti-dumping duties vary
from product to product and from country
to country.
Countries initiate anti-dumping probes
to check if domestic industry has been
hurt because of a surge in below- cost
imports.
As a counter-measure, they impose duties under the multilateral WTO regime.
ra firms to submit their
claims along with the proof
of investments.
The latest exercise follows two similar attempts
made by the Securities
and Exchange Board of
India (SEBI) in the past.
The first exercise began
in August last year, when
the investors were asked
to submit their refund
claims by September 30,
followed by a similar exercise in December when
the bondholders were required to approach SEBI
with their applications by
January 2015.
There is no specific
deadline as yet in the latest attempt by SEBI, which
has been asked by the
Supreme Court to refund
money collected from the
bondholders of Sahara India Real Estate Corp Ltd
(SIRECL) and Sahara
Housing Investment Corp
Ltd (SHICL), after verifying
the credentials of the investors.
While the details of the
second exercise to locate
eligible investors could not
be ascertained, SEBI had
received 4,900 refund
claims in its first attempt
last year from the bondholders of two Sahara
firms, which had raised Rs
25,780 crore (Rs 257.80
billion) from about three
Sahara Chairman Subrata Roy at a press conference.
crore investors.
While Sahara firms were
asked to deposit the money with Sebi for further repayment to the investors,
the group claims to have
already refunded about 95
per cent investors directly.
The group has, however,
already deposited over Rs
12,000 crore in the SEBISahara Refund Account,
although the regulator has
been able to repay only a
small amount to investors
as yet.
Sahara Chairman Subrata Roy, as also two top executives, have been in
Tihar Jail for more than a
year and the group was
asked by the apex court to
deposit Rs 5,000 in cash
and bank guarantee for a
similar amount for their
release. While a portion of
this amount has been deposited, the group is exploring sale of further assets to arrange funds.
Recently, Sahara also
backed SEBI’s claim before a US court to bring
back nearly $13 million
from sale proceeds of a
business jet of the crisishit group.
In fresh public notices,
SEBI has again asked the
investors holding Real Estate, Abode and Nirmaan
Bonds of SIRECL, as also
those holding Multiple, Income and Housing Bonds
of SHICL to submit their
applications along with the
necessary documentary
proofs for the refund.
When contacted, a Sahara spokesperson said
the group has repaid
around Rs 23,000 crore
(Rs 230 billion) to the
bondholders directly, still it
has already deposited
more than Rs 12,000 crore
(Rs 120 billion) to SEBI’s
refund account.
The group further said
SEBI could repay only
about Rs 2 crore (Rs 20
million) after three rounds
of media advertisements
across 50-60 publications
that resulted in total demand worth about Rs 20
crore (Rs 200 million), as
most of the investors have
already got back their
money. Agencies
Aircel felicitates prize
winners of iPlayiWin contest
GUWAHATI, MAY 3 : Aircel, one of India’s leading
telecom players, felicitated
the bumper prize winner of
iPlayiWin contest, an exciting general knowledgebased PAN-India consumer engagement contest.
The lucky winner, Chamel
Tani, who scored the maximum points in the second
edition of iPlayiWin Contest, was presented the
bumper prize ‘Hyundai
i10’by Aircel.
Gouranga Dhar was presented the bumper prizefor sixth edition of the
same contest, Alto (800).
Gouranga Dharhad also
won grand prize, Hero HF
Dawn bike in another contest, ‘Aircel Voice contest’
and was presented the
bike at the same event.
Apart from the felicitation
of grand prize winners,
other winners of the contest won prizes such as
television sets, smart
phones, mixer grinder and
recharge vouchers. The
guest of honor at the
event, renowned singer
Zublee Baruah, gave away
the prizes to the winners
along with Mr. Dibyajyoti
Khaund, Circle Business
Head and Mr. Nishith
Kulshrestha, Circle Marketing Head, Assam, Aircel.
Commenting at the felicitation ceremony, Dibyajyoti Khaund, Circle Business Head, Aircel, said,
“At Aircel, our efforts always revolves around delighting our customers in
everything we do, whether through our products
and services or through
our engaging VAS contests and more. Like many
other contests that we ran,
iPlayiWin generated a tremendous buzz among our
customers, alongside enhancing their general
knowledge in an engaging
way. We’re very happy that
we could surprise the
bumper prize winner with
a grand prize and the other winners as well, which
helped us add a memorable day in the lives of these
valued customers. We’re
confident that this will only
deepen our bond with
them, and we promise to
continue bringing smiles.”
Elated Chamel Tani said,
“I can’t believe I have won
my favourite car in this
contest! I’m truly overwhelmed and feel extremely proud to be a part
of the Aircel family. This is
really one of the biggest
surprises of my life!”
iPlayiWin, a knowledgebased contest launched
inSeptember 2012, was
conceived to engage customers in a meaningful
way, wherein customers
were encouraged to subscribe to the service to be
eligible to play the contest
via SMS with a limitation of
20 multiple-choice questions to be played per day.
Subscribers can SMS
<PLAY> to 51001 to start
playing the contest, stated
a press release.
NIPS academic session for hotel
management courses begin
GUWAHATI, MAY 3: NIPS,
the most acclaimed and
respected Hotel Management Institute in Eastern
India, has announced the
applicants for the courses
beginning in the upcoming
academic session 2015,
stated a press release.
The institute has consistently been among the top
hotel/hospitality manage-
ment Institutes in the
country, providing world
class contemporary education in specific fields of
the subject.
All the courses offered by
NIPS take their roots from
the learning of the rich Indian heritage and the culture and are perfectly
blended with the Western
Hotel and Hospitality Man-
agement education system.
NIPS is well known as a
platform for excellence in
teaching, learning and
administration, maintaining high standards of
quality placements as the
curriculum are designed
to suit the industry requirements, the release
added.
Ham-handed action against Snapdeal will hurt business: Pilot
NEW DELHI, MAY 3: Slamming
“ham-handed enforcement” action against e-commerce major
Snapdeal for online sale of prescription drugs, former Union
Minister Sachin Pilot on Sunday
said the move goes against the
government’s stated position of
promoting businesses and
home-grown entrepreneurs.
Pilot also said that the action
against Snapdeal and its top
management was “akin to holding highway builders responsible
for lane violations”, while the real
perpetrators are freely peddling
drugs of dubious nature.
The comments from the Congress leader, who was Minister
for Corporate Affairs in the previous UPA government, follows
Maharashtra’s Food and Drug
Administration (FDA) clamping
down on Snapdeal with filing of
FIR against the e-retailer’s CEO
Kunal Bahl and other top management personnel for alleged
online sale of prescription drugs
on its platform.
Pilot, who had voiced concern
in the past during his tenure as
Union Minister about arrest of
direct-selling major Amway’s
CEO and other top executives in
India, said it is no one’s case that
prescription drugs should be
sold in a manner that is contrary
to law. However, “action of Maharashtra FDA against Snapdeal
and insinuations of similar actions against Flipkart and Amazon must make us all sit up and
take notice,” he said.
Pilot said that law enforcement
agencies must be clear about
whom to act against and e-commerce portals were merely enabling platforms for buyers and
sellers.
Pilot, who had also served as
Minister of State for Communications and Information Technology in the previous government,
said there is a need to bring out
comprehensive guidelines for ecommerce, that balance liability
with ‘safe harbour’ provisions.”
These provisions would require
the definition of internet service
providers to include e-commerce
portals, oblige them to take reasonable precautions against
misuse of their platform for illegal transactions, and protect
bona fide conduct of their businesses while acting against the
real perpetrators, he emphasised. “The ham-handed enforcement that seeks to involve
top management without first as-
certaining their involvement in
operational detail, making directors accused without examining
the role of the company boards
in such decisions, and jeopardising entire businesses over ambiguity in a few product lines is
contrary to the stated aims of this
government to promote business,” he added.
With the present Govt’s lack of
clarity, Pliot said the message
that we now risk sending out is
that we are taking the stick to our
home-grown Internet entrepreneurs and multinationals without
understanding the gap between
technology-enabled businesses
and policy and regulatory frameworks required to subject them
to enlightened regulation.