Facility to view status of/deficiency in claim applications and making good those deficiencies- (Securities and Exchange Board of India) (15 Jan 2020)

MANU/SPRL/0003/2020

Capital Market

1. The Justice (Retd.) R.M. Lodha Committee (the "Committee") had initiated the process of refunds for investors of PACL having claim amount upto Rs. 5,000/- and till date 3,81,603 such investors/applicants have been paid. However, certain applications could not be processed further on account of one or more deficiencies.

2. The Committee had vide press release dated December 03, 2019 informed that an opportunity will be provided to all investors/applicants with claims upto Rs. 5,000/-, whose claim applications were found deficient, to make good deficiencies as may be applicable to their claims, so as to enable their claims to be processed.

3. Accordingly, investors/applicants with claims upto Rs. 5,000/- are requested to check the status of their claim applications online on https://www.sebipaclrefund.co.in and rectify the deficiencies, if any. The portal will be operational from January 24, 2020.

4. The last date for checking the status of claim applications and/or rectification of deficiencies will be July 31, 2020.

Tags : STATUS CLAIM APPLICATIONS DEFICIENCIES