sebi:SO/AK/2024-25/7952
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated May 13, 2024 disposed of upon settlement
Provisions invoked
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 23(4)
Parties
- Megastar Foods Limited
Holding
The adjudication proceedings initiated against Megastar Foods Limited vide SCN dated May 13, 2024 are disposed of in terms of section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations upon payment of INR 20,15,000 as settlement amount without admitting or denying the facts and conclusions of law.
Full text
----------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Megastar Foods Limited Page 2 of 3
----------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Megastar Foods Limited Page 3 of 3
imposed u/s 15HB of the SEBI Act against the Applicant for the alleged violation of the aforesaid provisions. The said SCN was issued to the Applicant as the Applicant failed to ensure the following compliances-
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Source: SecMarx — sebi:SO/AK/2024-25/7952. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.