Central Registrar notice to Sahara multi-state cooperatives

The societies, which have invested in Aamby Valley, did not submit documents sought from them

The Central Registrar of Cooperative Societies (CRCS), under the Union Ministry of Agriculture, has issued notices to two multi-state cooperative societies associated with the Sahara group because they allegedly did not submit books of accounts and other documents sought from them after an inspection.

Both societies have a significant exposure to Aamby Valley, on which the Supreme Court gave an order of attachment on Monday in connection with the group’s legal tussle with the Securities and Exchange Board of India.

The notices were issued in the last week of January to Lucknow-based Sahara Credit Cooperative Society (SCCSL) and