PACL Refund: How to fill online application form? How to withdraw full amount?
The deadline for PACL investors to submit claims has been extended till July 31, 2019. Now, investors of PACL can submit their applications seeking claims till July 31 as RM Lodha committee has extended the deadline.
PACL Refund: The deadline for PACL investors to submit claims has been extended till July 31, 2019. Now, investors of PACL can submit their applications seeking claims till July 31 as RM Lodha committee has extended the deadline. The deadline for submitting applications was to end on April 30. "However, in view of representations received, the committee has decided to extend the last date of receipt of applications from April 30, 2019 to July 31, 2019," Securities and Exchange Board of India (Sebi) said in a release on Friday.
Now, 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. After watching this video tutorial, you will be able to fill online application form and can understand the process to file application to withdraw full amount.
WATCH: Demo video for making refund claims by investors to understand step by step application process through the online portal.
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 RM 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.