PACL Refund-PEARLS Money Refund_ How to apply for PACL Refund Application forms

Yes, you have heared right that PACL has invited the application forms from all those investors who have invested in PACL schemes.All investors of PACL will be happy after reading this article. The Supreme Court has given a golden chance to all investors to get their money back from the company.

As we have all know PACL had illegally collected around Rs 50,000 crore from the public, mainly in the name of agriculture and real estate businesses. PACL investor who are seeking claims from the company can submit their applications to the panel headed by retired Justice R M Lodha till April 30, 2019 according to Sebi.

Lakhs of investors who put their hard earned money in PACL formerly Pearls Agrotech Corp Ltd, a collective investment scheme (CIS), have been in a panic about the fate of their investment after the company has been ordered to refund their money. All the related visitors can check the demo video about refund process and how to fill refund application form on the official website Investors can also call on <044-395-71985>.

Documents needed for PACL Refund

Here is the list of documents required to upload to file application to get the PACL Refund Claim Online:-

  • Latest passport size photograph
  • Copy of canceled cheque with your name printed or banker’s certificate as per the prescribed format available on the letter head of the bank
  • Copy of PACL certificates/Receipt

Information needed 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
  • IFSC code

Earlier, the panel initiated the process of receipt of claim applications from PACL investors whose total outstanding amount was up to Rs 2,500. This process has been completed. In a release, Sebi said that 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,” it said.

Further, Sebi cautioned investors against parting with their original PACL registration certificates without specific intimation received from the committee. “The last date for receipt of claim applications is April 30, 2019,” it added.

Visit on PACL Refund official website

Watch PACL Refund Video

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