Enclosed herewith Annual Secretarial Compliance Report for the Financial Year 2025-26
ONELIFECAP · price
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Onelife Capital Advisors has disclosed 11 significant regulatory violations in its Secretarial Compliance Report for FY 2025-26. SEBI conducted an inspection covering 2018-2023 and found the company made misstatements in financial statements regarding sales and purchase transactions, violated related party transaction norms by failing to obtain prior audit committee and shareholder approvals, and failed in half-yearly RPT disclosures. SEBI imposed total fines of Rs. 65 lakhs on the company and individuals including Rs. 25 lakh each on the company, Mr. Pandoo Naig, and Mr. Prabhakara Naig. The company, along with two key individuals, was restrained from securities market for one year from October 21, 2024. The one-year restriction period completed in October 2025, but the final order remains pending. The company deposited 50% of penalty amounts on August 7, 2025 per SAT directions.
This is a serious compliance failure with regulatory penalties and market access restrictions. Despite the one-year restriction period ending, the pending final order keeps uncertainty alive. Investors should monitor for further SEBI orders and potential reputational damage from these violations spanning multiple years.