UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of of report (Date of earliest event reported): ~~September~~April 1314, ~~2019~~ 2020 (~~September~~April 133, ~~2019~~2020)

MoneyOnMobile, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Texas

000-53997

20-8592825

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

500 North Akard Street, Suite 2850, Dallas, Texas		75201
(Address of principal executive offices)		(Zip Code)

Registrant'’s telephone number, including area code: (214) 758-8600

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities ~~☐ Soliciting material~~ registered pursuant to ~~Rule~~Section ~~14a-~~12(b) ~~under~~of the ~~Exchange~~ Act ~~(17 CFR 240.14a-12)~~:

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, the par value is .001 cent		MOMT		OTCQB

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ☐ [ ]

If an an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for ~~complying~~ complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐[ ]

Item ~~8.01 Other~~ ~~Information~~1.01 Entry into Material Definitive Agreement

Item ~~Completion~~2.03 Creation of ~~external~~a ~~investigation~~Direct ~~into~~Financial ~~the~~Obligation ~~allegations~~or ~~made~~an ~~by Company’s~~Obligation ~~former~~under ~~external~~an ~~independent~~Off-Balance ~~auditor~~Sheet Arrangement of a Registrant

Item ~~On September 9, 2019, the Company received the final report issued from a third-party firm the Company engaged, which is headquartered in Washington D~~5.C.02 ~~and~~Departure ~~is consistently ranked as one~~ of ~~the~~Directors ~~top forensic~~or ~~firms~~Certain inOfficers; ~~the~~Election ~~world,~~of ~~regarding~~Directors; ~~its~~Appointment investigation into allegations made by the Company’s former auditors in a letter dated September 4, 2018. The Company engaged this firm in India beginning in early 2019 to perform the firm’s recommended procedures to access the accuracy of ~~allegations~~Certain ~~made~~Officers; byCompensatory ~~RBSM, LLP~~Arrangements ~~as part~~ of ~~its~~Certain ~~resignation process~~Officers.

Sale The third-party firm was provided full access to Company management in the United States and certain former employees and consultants in India. The firm also was provided agreements, technical accounting memos, and underlying accounting books and records of ~~the Company’s U.S. entity as well as its~~ Indian ~~subsidiaries~~Investments for ~~multiple~~ ~~fiscal~~Promissory ~~years to complete their investigation.~~Note

On ~~According to~~January ~~the~~14, ~~auditor’s~~2020, ~~letter~~MoneyOnMobile, Inc. (the ~~allegations~~“Company”) ~~were~~executed ~~based solely on~~ a ~~single~~Settlement ~~cited~~Agreement ~~verbal~~calling ~~only~~for ~~discussion~~the ~~with~~transfer aof its ~~single~~ownership ~~senior~~interests ~~member of~~and/or ~~the~~assets ~~management~~and ~~team~~operations ofin ~~the~~its ~~Company’s~~ Indian subsidiaries~~. Based~~, onDigital ~~this~~Payment ~~communication~~Processing Limited (DPPL), ~~the~~My Mobile ~~auditor~~Payments, ~~identified~~Ltd ~~indicators~~(MMPL) ~~of possible~~and ~~fraud~~SVR ~~including~~Ltd. ~~possible~~(SVR) ~~recognition~~to ofLI ~~fictitious revenue~~Ventures, ~~understating~~Inc. ~~liabilities~~a ~~and~~Nevada ~~potential~~based ~~concealment~~private orcompany (“LI Ventures”) ~~misappropriation~~(the of“LI ~~cash~~Ventures Settlement Agreement”). ~~The~~As ~~Board~~compensation, ofthe ~~Directors~~Company ~~and~~received ~~the~~a ~~Audit Committee~~Promissory ofNote, whereby the Company will ~~subsequently~~receive ~~received~~$22,313,677 ~~unsolicited~~worth ~~written communication~~of ~~from~~LI ~~this~~Ventures ~~same~~common ~~cited~~shares, ~~senior~~contingent ~~manager~~upon ~~who~~LI ~~described~~Ventures ~~the~~completing a qualified financing round ~~comments~~(the ~~attributed~~“LI toVentures ~~him~~Note”). asThe ~~far-fetched~~LI ~~and~~Ventures atNote ~~best~~matures ~~erroneously interpreted~~on March 30, 2021.

On ~~The auditor’s~~April ~~allegations~~3, ~~were~~2020, ~~not~~Company ~~supported~~shareholders, byrepresenting ~~any~~60.12% ~~documents provided~~of by the ~~auditors~~outstanding ~~themselves~~and orfully ~~that~~diluted ~~were~~share ~~discovered~~count, byvoted to approve the ~~firm~~LI ~~which~~Ventures ~~undertook~~Settlement Agreement. The Board of Directors approved the ~~investigation~~LI Ventures Settlement Agreement on April 6, 2020. The Board of ~~those~~Directors Resolution is attached herein as Exhibit 99.2 and is incorporated herein by reference. The Company will use the LI ~~allegations~~Ventures Note proceeds to repay its outstanding creditors.

The ~~Upon reviewing~~foregoing ~~the~~description ~~final report~~ of the ~~third-party~~terms ~~firm’s investigation, the Company was provided no evidence that substantiated any~~ of the ~~allegations~~LI ~~made~~Ventures byNote ~~RBSM,~~and ~~LLP~~LI ~~relating~~Ventures ~~to fraud,~~Settlement ~~understatement of liabilities~~Agreement, and~~/or~~ ~~misappropriate~~does ~~of assets.~~not ~~Further,~~purport ~~the~~to ~~investigation~~be ~~supported the Company’s~~complete ~~treatment~~ and ~~presentation~~is ofsubject ~~events and transactions as accurate~~to, ~~complete~~ and ~~timely.~~qualified ~~The~~in ~~Company has provided this report to~~ its ~~former~~ ~~auditors~~entirety ~~Liggett~~by &reference ~~Webb, PA., however it has not been included as an attachment~~ to ~~this 8k because~~ the ~~cost~~form of soLI ~~doing was~~Ventures ~~prohibitive~~Note ~~for~~and ~~the~~LI ~~Company.~~Ventures ~~The~~Settlement ~~Company acknowledges certain~~Agreement, ~~issues~~which ~~relating~~are toherewith ~~the~~as ~~completeness~~Exhibit ~~of related party disclosures within its financial statements~~99.1, ~~however, these disclosures, taken individually~~ and asis aincorporated ~~whole,~~herein ~~would not impact the investment decision in the Company’s securities~~ by ~~an average investor~~reference. ~~The Company’s Board of Directors has reported to Management that it now considers the abovementioned investigation complete and closed with no further action deemed necessary.~~

Consulting Agreement

On April 9, 2020, the Company entered into a Consulting Agreement with an independent contractor to help assist the Company execute the LIV Settlement Agreement. The term is for two years, with either party having ability to terminate the agreement within thirty days written notice. The amount of the contract is $390,489 and will be paid by the Company upon it receiving the LIV Note payout compensation. The foregoing description of the terms of the Consulting Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the form of Consulting Agreement, which are filed herewith as Exhibit 99.3, and is incorporated herein by reference.

Resignation of Chief Executive Officer and Chief Financial Officer

The Company received a letter of resignation from Harold H. Montgomery. Mr. Montgomery informed the Company that, effective as of April 10, 2020, he resigned his position as Chief Executive Officer. Mr. Montgomery’s resignation was not as a result of any disagreements with the Company.

The Company received a letter of resignation from Scott S. Arey. Mr. Arey informed the Company that, effective as of April 10, 2020, he resigned his position as Chief Financial Officer. Mr. Arey’s resignation was not as a result of any disagreements with the Company.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.

Exhibit No.		Description
99.1		Settlement Agreement and Promissory Note
99.2		Board of Directors Resolution
99.3		Contractor Agreement

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

	MONEYONMOBILE, INC.
Date: September 13, 2019	By:	/s/ Harold H. Montgomery
Date: May 20, 2020	By:	/s/ Harold H. Montgomery
		Harold H. Montgomery
		Harald H. Montgomery
		Chief Executive Officer
		Chairman of Board of Directors

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