PACL Refund Online: 5 important things every Pearls investor should know

PACL REFUND ONLINE APPLICATION: As per the guidelines issued by markets regulator SEBI, 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. The committee was set up by markets regulator Sebi following a Supreme Court order for selling the properties of PACL and using the sale proceeds to refund the investors. PACL had illegally collected around Rs 60,000 crore from the public, mainly in the name of agriculture and real estate businesses. 

Here are the top 5 things every PACL investor who is seeking claims from the company should know:-

LAST DATE: The last date for receipt of claim applications is April 30, 2019

OFFICIAL WEBSITE: PACL investors can access the website https://www.sebipaclrefund.co.in/

ORIGINAL CERTIFICATES: Sebi has cautioned investors against parting with their original PACL registration certificates without specific intimation received from the committee. In short, do not give original certificates to anyone.

HELPLINE NUMBER: In case of queries/complaints, PACL investors can contact the helpline number 022-61216966

FULL LIST OF DOCUMENTS: Here is the FULL LIST of documents required and information needed to fill PACL Refund Claim application form online:

Information required:-
- 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.

Documents required to upload:-
-Copy of your PAN
-Latest passport size photograph
-Copy of cancelled 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.

Earlier, the panel initiated the process of receipt of claim applications from PACL investors whose total outstanding amount was up to Rs 2,500. The process has been completed. After verification, refunds were made in respect of claims found to be in order and the process has been completed.

The committee has now decided to receive claims from all investors having outstanding claims with PACL Ltd.