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SEBI imposes Rs 30 lakh fine on Radford Global for violating listing norms

27 Feb 2019 Evaluate

The Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 30 lakh on Radford Global for violating listing norms and failing to provide information sought by the regulator. After conducting a probe between February 2012 and March 2014 in the trading of Radford's shares, the regulator sought documents with regard to physical transfer of shares by the company to certain entities. Despite repeated summons in 2017, the company failed to furnish the information required.

Radford Global is engaged in the various business segments namely in HR Services, Real Estate and Textile. The company specialize in Permanent Recruitment, Hire-Train-Deploy, Non IT and IT Staffing services, Payroll Solution and HR Outsourcing Services trusted by Fortune 500 and mid market enterprises.

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