If you are looking for an update on Sahara Refund, then you are at the right place. In this article, we are sharing brief information about Sahara’s refund and about Sahara refund portal. Stay Tuned and read this article till last to know more about Sahara India Company.
On March 31, 2023, SEBI (Securities and Exchange Board of India) has received 19,650 applications involving 53,687. The Sahara Group has firmly informed that it retains complete operational control over its real estate assets. SEBI is yet to recover Rs 62,000 crore from the Sahara Group.
The Sahara Scheme in India created a sensation because scheme with low investment and more profits; this Sahara India Pariwar (Sahara scheme) was founded in 1978. In this scheme, a lot of people invested their savings in the greed of getting more profits. Later, after years, Sahara company announced that they were bankrupt; now, people who invested in the scheme are looking for a Sahara refund. Also, searching for a Sahara refund portal so that they can get any information from the Sahara portal.
Sahara India Pariwar company, founded in 1978, was founded by Subrata Roy its headquarters is in Lucknow.
Shara Company have over 12 lakh salaried employees, consultants, field workers, agents & business associates all over India.
Previously, in 2000, most of the people joined Sahara Company as business associates and field workers. From these positions, they used to earn money and some commissions.
Sahara Company once was a Sponsor of the Indian Cricket team; they used to have multiple businesses in various categories, like Sahara Hospitality, Shara Finance, Sahara One Media, etc.
In the early days of the Sahara scheme, the company announced Sahara refund could not happen because the company was bankrupt and couldn’t refund any money to the scheme holders. Later, after some years, Sahara india announced that they were going to refund the amount of INR5,000 crore.
To get the Sahara refund, a scheme holder has to visit the Sahara refund portal; from there, a person can apply for a refund.
The Indian government announced in 2023 that they would help the people to get back their money from Sahara company.
In March 2023, The Supreme Court directed transferring Rs 5,000 crore from the Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS).
As per the Economic Times, “Amit Shah says 2.5 lakh investors in Sahara cooperatives have got refund worth Rs 241 crore so far”.
CRCS Sahara refund portal is now live for the scheme holders; with their scheme number and documents, they can get their money back from the company.
The CRCS Sahara Refund Portal was launched so that whoever has money and is stuck in this scheme can get that without any effort or obstacles. Around 4 crore small-time investors whose funds are in the 4 cooperative societies.
In 2024, Sahara investors can visit the official refund portal,l and there they have to submit their necessary things.
The company announced that it would refund funds to only a limited number of people, not to all; they mentioned it would refund those who have invested in 4 cooperative societies.
Indian government Ministry of Cooperation launched a portal for the submission of legitimate claims by depositors in the 4 cooperative societies, Sahara Credit Cooperative Society, Saharayn Universal Multipurpose Society, Humara India Credit Cooperative Society, and Stars Multipurpose Cooperative Society, in the middle of 2023 may be in july month.
To apply for a mocrefund (sahara refund) a person should have all his documents which are related to sahara company.
Here are some of the important documents to get back your funds from the company:
After gathering all the documents and the required membership number next step is to visit the website of Shara Refund.
Step 1: Open your browser and type the website name mocresubmit or just click on this link www.mocresubmit.crcs.gov.in
Step 2: After opening the portal, you will find an option depositor registration for registration; just click on that.
Step 3: Crcs Sahara refund portal login will appear on your desktop; just register your details here, like name, address, mail, membership number, Aadhar number and mobile number.
Step 4: After filling in the details, kindly upload your proof of documents, which are mentioned on the portal at the time. Fill in the captcha and hit the register button; you will get a pop-up with an acknowledgement number.
Step 1: After successfully registering your details, just go to the crcs Sahara refund portal login.
Step 2:
Step 3: Just after logging in, you have to do an e-KYC by submitting your details.
Step 4: After that, you have to upload a required document, which will be shown on the portal; just after uploading the documents, your form will be generated.
Step 5: You have to sign the documents and have to upload that signed document, verify all your details last time and submit.
Step 6: After that, you will receive an acknowledgement number on your registered mobile number via SMS; all that will be processed after 45 days. If you are lucky, your name will appear on the Sahara refund list in 2024.
To check the crcs refund list for 2024, you have to visit the official site, which was mentioned in the earlier paragraphs.
Login with your credentials, and there you will find a list of Sahara refunds. Click on that, and you will find multiple names; just scroll it and check whether you have your name or not.
Sahara company also has other subsidiaries in various fields, like:
Not only these, there are still more subsidies they hold in India and some of the foreign countries too.
A Quick Note: This whole article is written with detailed information that is already available on the internet, well researched, gathered and written here; we recommend cross-check other sites’ articles, to know more about Sahara refund policy.
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