SEBI

Investors claim applications in PACL Ltd. – Last date for checking status / rectifying defects

Investors claim applications in PACL Ltd. – Last date for checking status and rectifying deficiencies is 31.07.2020 for investors with claims upto Rs. 5000

The Justice (Retd.) R. M. Lodha committee (“Committee”) was constituted as per the direction of the Hon’ble Supreme Court for disposing of the land purchased by the PACL Limited so that the sale proceeds can be paid to the investors, who invested their funds in the Company.

Facility to view status of deficiency in claim applications and making good those deficiencies The Committee had requested investors/applicants with claims upto Rs. 5,000/- to check the status of their claim applications online on https://www.sebipaclrefund.co.in and rectify the deficiencies, if any.

The portal for rectifying the deficiencies in applications was made operational from January 24, 2020.

The last date for checking the status of claim applications and/or rectification of deficiencies is July 31, 2020

Share

Recent Posts

  • Income Tax

Issue already examined and adjudicated by CIT(Appeals), can’t be reopened on same set of facts

The issue already examined and adjudicated by the quasi-judicial authority, i.e., CIT(Appeals), cannot be reopened on the same set of…

4 hours ago
  • Income Tax

TDS can’t be denied for non deposit of tax deducted by the deductor – High Court

One TDS is deducted, credit has to follow, failure of deductor to deposit the amount to the credit of the…

1 day ago
  • Income Tax

Cash withdrawal from bank can’t be taxed u/s 69C as unexplained expenditure – ITAT

Merely because assessee did not explain purpose of cash withdrawal from bank, it can not be taxed u/s 69C as…

1 day ago
  • GST

A bland statement of ‘fraud or concealment of facts” in GST Notice u/s 74 not sufficient – SC

In GST Notice u/s 74, allegations should emanate from itself, a bland statement of ‘fraud or concealment of facts” not…

4 days ago
  • Income Tax

For claiming deduction u/s 57(iii), test is of purpose and connection, not actual yield – ITAT

For claiming deduction u/s 57(iii) a reasonable and intelligible nexus should be established between the expenditure incurred and the income…

4 days ago
  • Income Tax

Unless medical certificate are held forged & fictitious, appeal can’t be rejected on ground of delay

Where medical certificate not held to be forged and fictitious, rejecting appeal on ground of delay unjustified In a recent…

5 days ago