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Establishment of Connectivity with both depositories NSDL and CDS


 Notice Date : 01 July 2011

 Establishment of Connectivity with both depositories NSDL and CDSL - Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

 

CIR/MRD/DP/ 09 /2011

July 01, 2011

 

To,

All Stock Exchanges

Dear Sir / Madam,

 

Sub: Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

 

1. It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories.

 

2. The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:

 

a) At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement. For this purpose, the listed companies shall obtain a certificate from its Registrar and Transfer Agent (RTA) and submit the same to the stock exchange/s. However, if an issuer-company does not have a separate RTA, it may obtain a certificate in this regard from a practicing company Secretary/Chartered Accountant and submit the same to the stock exchange/s.

b) There are no other grounds/reasons for continuation of the trading in TFTS.

 

3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in the Monthly/Quarterly Development Report.

 

Yours faithfully,

Harini Balali

Deputy General Manager

022-26449372

email: harinib@sebi.gov.in

 

Annexure A

SR. NO.

NAME OF THE COMPANY 

ISIN

1

SUPERIOR INDUSTRIAL ENTERPRISES LIMITED

INE843L01012

2

PERFECT-OCTAVE MEDIA PROJECTS LIMITED

INE814L01013

3

ESAAR (INDIA) LIMITED

INE404L01013

4

S P CAPITAL FINANCING LIMITED 

INE102F01015

 

 

Guest
on 01 July 2011
Notification No : CIR/MRD/DP/ 09 /2011
Published in Shares & Stock
Source : ,










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