SEBI to pay PACL investors upto Rs2,500 if they apply in prescribed form
Moneylife Digital Team 02 January 2018
Market regulator Securities and Exchange Board of India (SEBI) said the Justice RM Lodha Committee appointed by the Supreme Court has decided to pay total outstanding principal amount of Rs2,500 to investors of PACL Ltd (erstwhile Pearls) after selling some properties of PACL.

"It is clarified that refund may not necessarily be Rs2,500 per claimant investor, and would be effected on a pro-rata basis after considering the number of claims received as well as the funds available with the Committee," SEBI said in a release.

Earlier on 27 November 2016, the market regulator, while informing the process to claim refund (for investors of PACL) made it clear that the Committee would initiate refund process only upon realisation of a sizable amount. It had said, "In such case, investors would be required to file their claims only in the prescribed format upon specific notification by the Committee. Till such notification, investors are requested to retain their documents with themselves and not to part with them for any reason whatsoever."
 
The Lodha Committee is supervising the Supreme Court ordered process of selling PACL's assets across the country and refunding Rs49,100 crore collected from over 56 crore investors. The money to be refunded to the investors was allegedly collected by PACL and Pearls Golden Forest Limited - two companies belonging to Nirmal Singh Bhangoo-managed group - in the name of sale and development of agricultural land.
 
Investors whose total outstanding amount (Principal) with PACL is up to Rs2,500 (per investor) are advised to send the following details by way of an SMS at 562632 or by uploading the same on the website http://sebicommitteepaclrefund.com/ for receiving refund of money invested:
 
â–ª Name of the investor as per PACL Certificate, 
â–ª Amount claimed (in rupees), 
â–ª Claimant’s mobile number,
â–ª PACL Scheme Payment Registration number,
â–ª Scanned copy of PACL Certificate,
â–ª Aadhaar/ Pan Number,
â–ª Bank account number and IFSC code,
â–ª Whether land has been allotted to the claimant investor by PACL,
â–ª Scanned copy of PAN Card / Aadhaar Card, and
â–ª Scanned copy of the latest Bank Statement showing the last three transactions.
 
The applicants should ensure that the latest Bank Statement uploaded clearly shows the name, address, bank account number and IFSC code, according to a release from SEBI (Securities and Exchange Board of India).
 
In this respect, a demo video illustrating the process for making an application for refund is provided on the website http://sebicommitteepaclrefund.com/  and the same may be viewed before making the status of their applications for refund. Investors can also call on <044-395-71985>.
 
The investors are further cautioned against parting with their original PACL Registration Certificates, unless on specific intimation received from the Committee. The last date for receipt of applications for refund is 28 February 2018.
 
We tried seeking help from SEBI so that we can help investors who want to file refund claims offline, but there is no response from the market regulator. This means, all those who are seeking refund, need to file claims on their own on the website http://sebicommitteepaclrefund.com/.
 
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. It may be recalled that this company has raised a whopping Rs49,000 crore from people across the country, claiming to have bought them a stake in land, like a land mutual fund. PACL has also used India’s slow legal system very effectively to delay regulatory action for several years, while it continued to collect money from people. In fact, it has doubled the money raised, even after SEBI began action against it.
 
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Raju Chetia
4 years ago
Sorry, the PACL number you provided has already been submitted.
To know the status, please call 044-39571985.

How to re apply, amount correction
ASHWANI FRANCIS
4 years ago
मेरे 3000 रुपए है वो कब तक मिलेंगे plz send some detail on my number 7409285524
Venkatesh Yata
4 years ago
Sir rs5000 pacl when is coming.pls detail to my num 9640930397
Kumar Mallipudi
4 years ago
Actually 1step successfully finished and send a SMS but SMS not received next what I am doing plz give me solution
Premakumari Prema
4 years ago
I'm a customer of pacl India LTD &my policy number u.247286063.my policy expiry date 16/02/2014i want full details
deepak guar
4 years ago
Sir payment kab Ho rha he yr mera number h plz inform detal
deepak guar
Replied to deepak guar comment 4 years ago
7503555481
Sunil Rathodiya
4 years ago
563632
Shreepriya 421
4 years ago
How to cancel the refund
Sayed Kadarmohiddin
4 years ago
Sir my 2015 mea band dechuka Hu meare passé. Risipt. Hai. Kaisa. Aplay karna.
Dashrath Das
4 years ago
Sar Mera total rifand 37500 hai to Kab tak clear hoga
Dashrath Das
4 years ago

My mobile no. 7006924672
Dashrath Das
4 years ago
Hii am agent of pace, I am form to kathua (j&k) know I don't, have some customers bond i gave to my senior he miss pleased, and some bond I submitted to office I don't have photo copy also. Please give me solution for this problem I am writing for your solution.
Pooja Arun
4 years ago
Hi i am agent of PACL, I am from Karnataka, know i don't have some customers bond, i gave to my senior, he miss pleased, and some bond i submitted to office i don't have photo copy also. Please give me solution for this problem i am waiting for your solution.
Panjab Jadhav
4 years ago
SIR I AM AN INTERNET SHOP OWNER LOTS OF PEOPLE IS COMING FOR REGESTRATION IT IS SHOWING ALREADY SUBMITTED BUT THEY ARE SAYING THEY DIDNT DO ANYTHING
Panjab Jadhav
4 years ago
my contact no 9595853005
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