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PACL case: Deadline for investors to submit claims extended till July 31

PACL case: Deadline for investors to submit claims extended till July 31

The Justice RM Lodha (retd) Committee appointed in the PACL Ltd matter has decided to extend the last date for receiving claim applications till 31 July 2019.

In a release, market regulator Securities and Exchange Board of India (SEBI) said, "...in view of representations received, the Committee has decided to extend the last date of receipt of applications to 31 July 2019 from 30 April 2019."

In February this year, the Justice Lodha Committee had allowed investors to file refund claims online before 30 April 2019.

SEBI has created a separate website for accepting the claim forms from all investors of PACL who are seeking refund of their investment. To file the claim, the investor need to visit http://sebipaclrefund.co.in/ and submit her application. For submitting the claim, the investor needs to upload copy of her PAN card, latest passport size photo, copy of cancelled cheque, copy of PACL certificate and receipts, if any.
The last date of receipt of claim application from investors of PACL ltd.has been extended from April 30,2019 to July 31,2019

SEBI PACL Refund Claim Online: Markets regulator SEBI has said that investors of PACL who are seeking claims from the company can submit their applications to the panel headed by retired Justice R M Lodha till April 30. PACL had illegally collected around Rs 60,000 crore from the public, mainly in the name of agriculture and real estate businesses. "The committee has now decided to receive claims from all investors having outstanding claims with PACL Ltd," a SEBI release said. The committee 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 last date for receipt of claim applications is April 30, 2019. Here is the FULL LIST of documents required and information needed to fill PACL Refund Claim application form online:

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