Sebi fines 2 entities in Onelife Capital IPO

"I am of the view that the 'leave and license agreement' furnished by the noticee (Fincare Financial and Consultancy Services and Precise Consulting and Engineering) to the IA in response to the summons (issued by Sebi)...was indeed a false and forged information," Sebi Adjudicating Officer A Sunil Kumar said in orders dated December 23."Therefore, furnishing of 'false/forged information' clearly amounts 'not furnishing the required information' and is in fact more serious than 'non furnishing' of information," he added.On noticing suspicious transfer of the proceeds of IPO (Initial Public Offer) of the company to certain entities including these two entities, Sebi conducted investigation into the matter of IPO.