PACL Chit Fund Refund News: If you or someone you know has invested in Pearls/PACL India Limited, then good news has come for them. Markets regulator SEBI (SEBI) has approved the return of investors’ money. Investors were previously permitted to submit documents until August 31 by SEBI. SEBI committee has approved a refund of the claim up to Rs.15000.
Rectify the claim by 31 January 2023 While
In the order given by SEBI, while giving relief to PACL investors, it was said that till now the refund of those who had claimed up to Rs 15000, has been approved. But some investors have discovered issues with the application. Such investors can rectify their claim and re-apply for a refund by January 31, 2023. SEBI has also provided an online service for correcting application errors.
To rectify
You must apply at sebipaclrefund.co.in the first place to correct application errors. The window for correcting any errors in the form will be open from 1st November to 31st January 2023. Under the leadership of retired judge RM Lodha, a committee was established to repay the money that investors in PACL invested.
When did the refund start?
Let us inform you that in January 2020, the refund process for PACL investors began. Earlier, claims up to Rs 5,000 were settled under this process. After that, from January to March 2021, applications with claims up to Rs 10,000 were accepted. After that in 2022, SEBI asked for refund applications ranging from Rs 10001 to Rs 15000 from April. A refund of up to 15,000 is now being issued. Time till January 2023 has been given to rectify the deficiencies found in the investors’ applications.
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