NCLAT: Consideration of Debt Restructuring by Lenders Doesn’t Bar Member from Initiating Proceedings  ||  Delhi High Court: In Matters of Medical Evaluation, Courts Should Exercise Restraint  ||  Delhi HC: Any Person in India Has Right to Legally Import Goods from Abroad and Sell the Same  ||  Delhi HC: Waiver to Section 12(5) of Arbitration Act to be Given Once Tribunal is Constituted  ||  Supreme Court Has Asked States to Regularise Existing Court Managers  ||  SC: Union & States to Create Special POSCO Courts on Top Priority  ||  SC Upholds Authority of CERC to Award Compensation for Delays  ||  SC: Arbitral Tribunal Has Discretion to Include in Sum Awarded, Interest at Rate as it Deems Reasonab  ||  SC: Cannot Use Article 142 to Frame Guidelines on Judicial Recusal  ||  SC: Satisfaction Recorder in One EP Won’t Affect Subsequent EPs for Future Breaches    

FAQs for PACL refund- (Securities and Exchange Board of India) (28 Mar 2016)

Capital Market

The Securities and Exchange Board of India hopes to preempt the scrum of PACL investors waiting impatiently to receive refunds.

The Supreme Court’s recent decision to constitute a committee to take possession of title deeds of PACL properties to sell the same to effect refunds to investors has raised questions about how monies will be distributed and what is required of investors.

In its ‘Frequently Asked Questions’ document, SEBI addressed the basic questions it expects investors to have about the process. Among the advice tendered, investors are asked to hold on to the original investment documents and to “not yield to any pressure from any person, including PACL or their agents, for converting…existing investments to other Schemes”.

Tags : SEBI   FAQ   PACL   REFUND  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved