PACL: Demo video for making refund claims by investors - Watch step by step application process through online portal
PACL REFUND CLAIM APPLICATION FORM FILLING ONLINE PORTAL PROCESS: As the deadline to fill and file PACL money refund claim application form is fast approaching, here is the demo video for making refund claims by investors of PACL Ltd. By means of this demo video, you can easily understand step by step refund application process through online portal. Investors of PACL who are seeking claims from the company can submit their applications to the panel headed by retired Justice R M Lodha till April 30, according to Sebi. The committee was set up by markets regulator Sebi following a Supreme Court order for selling the properties of PACL and using the sale proceeds to refund the investors. PACL had illegally collected around Rs 60,000 crore from the public, mainly in the name of agriculture and real estate businesses.
WATCH: Demo video for making refund claims by investors to understand step by step application process through online portal
Earlier, the panel initiated the process of receipt of claim applications from PACL investors whose total outstanding amount was up to Rs 2,500. This process has been completed. Sebi had confirmed that after verification, refunds were made in respect of claims found to be in order and the process has been completed. "The committee has now decided to receive claims from all investors having outstanding claims with PACL Ltd," Sebi added.
Regarding claim applications, the regulator said investors can access the website https://www.sebipaclrefund.co.in/
Further, Sebi has cautioned investors against parting with their original PACL registration certificates without specific intimation received from the committee.
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Moreover, in a separate release, Sebi had said that only the committee is authorised to sell the properties directly or indirectly associated with PACL. "Accordingly, it is clarified that the committee has not authorised any individual/entity to sell the properties of PACL Ltd. It is also stated that any attempt by individuals/ entities to illegally and unauthorisedly take possession of the properties of PACL Ltd shall invite necessary action under law," the release noted.