Onelife Capital Advisors’ board of directors at its meeting held on October 30, 2013 has approved to take legal steps for the recovery of the advance amount paid to 'Fincare Financial and Consultancy Services', 'Precise Consulting and Engineering' and 'KPT Infotech'. The Board also noted the cancellation of agreements/MOU with 'Fincare Financial and Consultancy Services' and 'Precise Consulting and Engineering' and to take legal steps to recover the amount.
Onelife Capital Advisors (OCAL), a financial service provider, was incorporated in 2007. The company was converted into Public Limited in 2010. It is a SEBI registered Category I merchant banker and has recently secured license to do business in equity broking by getting approval from Bombay Stock Exchange. It has also received license from SEBI for Portfolio Management Services.
