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| Exchange Disseminated Time | Onelife Capital Advisors Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2014, has approved the following:
1. To consider the resignation of Mr. Jiten Popat, Chief Financial Officer of the Company
Mr. Jiten Popat, Chief Financial Officer of the Company resigned from the Company and the Audit Committee of Directors in its meeting held on January 29, 2014 noted the same and recommended the same to the Board. The Board of Directors accepted his resignation.
2. Monthly progress report (January 2014) for regulators compliance
The Board of Directors discussed the Monthly Progress Report (January 2014) and compliance with the SEBl order dated August 30, 2013.
The Board was informed that Fincare Financial and Consultancy Services Private Limited and Precise Consulting & Engineering Private Limited has agreed to return the advance money given to them
3. The Board of Directors discussed that due to SEBl order dated December 28, 2011 and final order dated August 30, 2013 the Company is restrained to do business of Merchant banking, PMS and Broking.
In view of the above the Board of Directors has decided that the Company should not send the application for renewal of Merchant Banking and PMS Licenses and surrender the Broking License. |
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