Onelife Capital Advisors (OCAL) and its Promoters has received show cause notice from SEBI under Rule 4 of SEBI (Procedure for Holding inquiry and imposing Penalties by Adjudicating Officer) Rules, 1995 & Rule 4 of Securities Contracts (Regulation) (Procedure for holding inquiry and imposing penalties by Adjudicating Officer) Rules, 2005 in the matter of IPO of OCAL.
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.