PACL refund latest news 2018 status, Court case updates
In this page we give details about PACL refund latest news 2018 with all new SEBI notifications regarding it, All PACL vs SEBI news and refund status details are updated here. from all over the country investors are searching details in Tamil , Hindi, English languages etc..
PACL collected about 49000 crores fund through various schemes in illegal manner so SEBI ordered the company to pay the amount to the public with proper interest as per the schemes on August 22, 2014. Then directors of the company went for appeal in Supreme Court, but the case was dismissed and the court confirmed SEBIs order.
Supreme Court again released an order to set up a Team under the leadership of two judges which have right to seize the properties of SEBI to collect funds and distribute it to appropriate persons. As per it the panel started collecting the details and documents from PACL for giving the refund to the public as per their scheme nature after verification.
So the team gives following instruction to the public who were invested in the company.
- Till the Next announcement issued from the team investors should give their investment related documents or records to PACL Company also it should not be shared with some other persons.
- Also they should not do any further investments with the company.
If you are a PACL customer or invested money in this company you should keep all the documents related to the investment / policy safely. When SEBI announce that investors can get refund then they should submit all related documents to the officials said by SEBI, after checking the documents refund will be initiated. Documents are mandatory in case if you miss it then it may not possible for to get the money.
There are lot of PACL investors all across the country are searching the PACL refund 2018 latest updates regularly to know when they will get their money, We have addressed some of the common questions asked by them.
When Customers will get PACL Refund money?
After selling all properties of PACL company and collecting required amount SEBI will notify it to the investors, so that customers can apply for it for getting refund. SEBI will issue the refund process details during the notification. For this SEBI will give public advertisement until they should follow all instructions of SEBI and should not share their documents with any third persons or with the PACL agents or officials.
How to get Refund? / Procedure 2018
After the SEBI announcement customers need to submit the application with documents and proofs as they have mentioned to the officials or to the mentioned address. All details will be issued in detail in the notification so investors need to wait for some time. Till that customers can follow SEBI website or newspapers.
To know latest news about SEBI VS PACL 2018– Click Here (All court case updates, notifications etc)
Regarding it investors can follow moneycontrol, india times portal for all the latest updates.