PACL Refund: EXPLAINED - Process, registration, login, full list of documents required, application submission procedure and more
It's a golden chance for those PACL investors who had earlier missed the last date of filing refund claim submission form. Now, investors of PACL can submit their applications seeking claims till July 31, with R M Lodha committee extending the deadline. Earlier, the deadline for submitting applications was to end on April 30. Process, registration, login, documents required, application submission and other important aspects of refund claim application submission form explained here:-
What is the process for registration of my claim?
For registration, you need to enter your PACL registration number twice, mobile number and captcha. On entering the details, an OTP would be sent to the mobile number entered during registration. Once the OTP is successfully entered and if the details submitted are in order, your registration would be successful. Upon successful registration, you may start the process of submitting your claim application.
How do I login to my claim application?
On successful registration, you would be guided to a password creation screen. You can create a password of your choice. The password should be between 8-16 characters and contain at least one upper case letter (a-z), one numeral (0-9) and one special character. On successful creation of password, subsequent logins would need to be done using your PACL registration number and password.
What information do I need to submit in the claim application form?
You need to submit your name as per PACL certificate, the claim amount (in Rs.), name as per PAN, PAN number, your bank account number, bank name and IFSC code.
What are the documents that I need to upload?
You need to upload copy of your PAN, latest passport size photograph, copy of canceled cheque with your name printed or banker’s certificate as per the prescribed format available at sebipaclrefund.co.in on the letter head of the bank, copy of PACL certificate, and receipts, if any.
Moreover, you PACL investors can also WATCH this demo video to understand the entire process IN ENGLISH
WATCH IN HINDI
In February this year, the committee decided to receive claims from all investors having outstanding claims with PACL after it completed the process of refunding to the investors whose total outstanding amount was up to Rs 2,500.
The committee headed by retired Justice R M Lodha was set up by Sebi following a Supreme Court order for selling the properties of PACL and using the sale proceeds to refund the investors. The ruling came after it was found that PACL had illegally collected around Rs 60,000 crore from the public, mainly in the name of agriculture and real estate businesses and the firm failed to refund the investors.