PACL Refund: Know full process to submit online application form - Watch demo video by SEBI
PACL investors who are seeking refund can watch this demo video for making claims.
PACL investors who are seeking refund can watch this demo video for making claims. With the help of this demo video, you can easily understand step by step refund application process through the online portal. According to Sebi, investors of PACL who are seeking claims from the company can submit their applications to the panel headed by retired Justice RM Lodha. Justice RM Lodha 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 the online portal.
Moreover, Sebi has cautioned investors against parting with their original PACL registration certificates without specific intimation received from the committee.
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 had said.
For more details and information, PACL investors can access the website https://www.sebipaclrefund.co.in/. The market watchdog has provided all the necessary information to ensure investors get their money refunded from PACL.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.