Sebi panel provides facilities for PACL investors to update mobile number

A high-powered Sebi committee on Friday provided facilities to PACL investors to update details of their mobile numbers and enquire whether SMSs have been sent to them to submit original certificates.

The committee in April asked investors, who invested in illegal schemes of PACL, to submit their original registration certificates by June 30 only after receiving an SMS from the panel.

This was applicable only to those investors whose claim money is between Rs 10,001 and Rs 15,000 and whose applications were verified.

The markets regulator had set up a committee headed by former Chief Justice of India RM Lodha following a Supreme Court order to refund money to investors in the matter of PACL Group.