Contact Your Financial Adviser Money Making MC
22
December 2016
A
Committee has been constituted by SEBI (Securities and Exchange Board of India)
under the Chairmanship of Justice (Retd.) R. M. Lodha, former Chief Justice of
India, for disposing of the properties of PACL Ltd., so that the sale proceeds
can be paid to customers. The Total
Investment & Insurance Solutions
The
investors were informed that the process of auction is under way in terms of a
notice dated 27 November 2016. The
Total Investment & Insurance Solutions
According
to SEBI, the process of refund would be initiated upon realisation of sizeable
amount by the committee. SEBI cautions that the claim could be filed only in
the prescribed format upon specific notification by the committee. Till
such notification, investors have been requested to retain their documents with
themselves and not to part with them for any reason. The Total Investment & Insurance Solutions
Meanwhile,
it is noted that despite the above notice claims are being filed by individuals
or through associations enclosing documents. SEBI has cautioned investors not
to be misguided or fall into a trap by inducements and false promises.The Total Investment & Insurance
Solutions
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