sebi:SO/BM/RK/2024-25/7822

SEBI · SEBI · 2024-02-20 · Barnali Mukherjee, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings initiated vide SCN dated February 20, 2024 disposed of upon settlement

Provisions invoked

• s. 15A
• s. 15J

Regulations

• Reg. 25
• Reg. 28
• Reg. 23(1)

Parties

• Oceanic Foods Limited

Holding

The adjudication proceedings initiated against Oceanic Foods Limited vide SCN dated February 20, 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 settlement amount of INR 12,22,650.

Full text

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3. A Show Cause Notice (hereafter referred to as “SCN”) dated February 20, 2024 was issued to the Applicant in terms of the provisions of Rule 4 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (“SEBI Adjudication Rules”), calling upon the Applicant to show cause as to why an inquiry should not be held and

Source: SecMarx — sebi:SO/BM/RK/2024-25/7822. 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.