SEBI wants a server vendor for hosting Sahara case data

Indian stock market regulator SEBI is looking for a server and web hosting vendor for providing electronic data storage and web access services for a database of 20 crore scanned pages in the Sahara case, PTI reported.

The duration of the web hosting contract will be initially for three years. SEBI can renew the agreement for a further period, said SEBI in a tender, inviting bid for its Electronic Data Storage and Web Access Project with regard to the Sahara case.

Scope of web hosting work

The stock market regulator said: “SEBI would like to avail the services of any third party server hosting vendor to take over, store and maintain the aforesaid electronic data of 70TB and also to provide the services of web access to the data.”

The focus of the IT vendor should be in providing storage facility for 70TB of electronic data, including PDF files comprising of about 20 crore pages. The data should be accessible to users, desired by the regulator, across the globe.

SEBI says the web hosting vendor should take over the electronic data from a third party server, store and maintain the same and provide access to the said electronic data.

The job would also include generation of reports/ execution of various queries from the electronic data provided, based on the report criteria/attributes and the format of such reports to be provided by SEBI.

SEBI said the successful bidder will be required to arrange for migration of the data including the image files and the meta data and also ensure that the digital storage has safe and adequate back-up measures.

Sahara case

In August 2012, the Supreme Court asked Sahara group to submit documents and deposit investors’ money with SEBI for refund purpose.

The court asked SEBI to examine the documents submitted by Sahara to ascertain their genuineness and make refund to investors. Sahara chief Subrata Roy is in Tihar Jail for over 18 months.

SEBI has invited refund applications from investors through various platforms, including newspapers and its own website, and the process of returning investors’ money is underway after ascertaining genuineness of their claims.

SEBI has generated about 20 crore pages of PDF documents and a database created out of them. The total volume of this electronic data, including the PDF files, is 70 terabytes.

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