Motor & General Finance Ltd. announced that based on the declaration under Section 149(7) of the Companies Act, 2013 submitted by Sh O. N. Aggarwal Independent Director informing that some of the criteria of Independence as provided in the Section 149(6) of the Companies are not being met in his case, the Board of Directors at their meeting, being the first meeting, of the financial year held on May 30, 2014 have decided to treat him as a "Non Executive Non Independent Director" with immediate effect.