PACL: Pearls investor? Know how to file refund claim application
PACL Refund Online Claim Process Registration: Are you among thousands of those who became victim of Pearls chit fund scam? Are you the one among lakhs of people whose money was held PACL in Pearls chit fund fraud and ponzi scam? Here is a good news for you! Now, in a major relief, the Justice (Retd.) R.M. Lodha Committee (in the matter of PACL Ltd.) has decided to receive claims from all investors having outstanding claims with PACL Ltd.
How to apply for PACL claim?
To make it even easier for invstors, here is the step by step guide and demo video. The video illustrates the process for submitting claim applications.Check them out both English and Hindi languages:-
PACL Pearls Chit Fund Refund Application Process Online: ENGLISH
PACL Pearls Chit Fund Refund Application Process Online: HINDI
Investors desirous of submitting their claim applications may access the dedicated website http://sebipaclrefund.co.in/
The last date for receipt of claim applications is April 30, 2019.
It is clarified by SEBI that refund of amounts claimed shall be considered only upon the completion of the entire process of receipt of applications and shall be based on the availability of funds with the Committee.
Earlier, the Committee at the first instance had initiated the process of receipt of claim applications with respect to the investors of PACL whose total outstanding amount (Principal) with PACL was up to Rs. 2,500. Upon verification, refunds were made in respect of claims found to be in order. The said process has now been concluded.
Justice (Retd.) R.M. Lodha Committee for PACL
The Justice (Retd.) R.M. Lodha Committee (in the matter of PACL Ltd.) is a Committee constituted by SEBI pursuant to the order dated February 02, 2016 of the Hon’ble Supreme Court of India in Subrata Bhattacharya V. Securities and Exchange Board of India and other connected matters under the chairmanship of Justice (Retd) R.M. Lodha for selling the properties of PACL Ltd, and using the sale proceeds to refund the investors who have invested their money in PACL Ltd.