PACL Refund: Registration process, claim application login, form submission, documents required - All details here

PACL Refund: Now, investors of PACL can submit their applications seeking claims till July 31 as Justice 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.

Here is all you need to know about PACL refund registration process, claim application login, form submission, documents required:-

What is the process for registration of my claim?

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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.

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.