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Establishment of Connectivity with both depositories NSDL and CDSL –Companies eligible for shifting from Trade for Trade Settlement (TFTS


 Notice Date : 22 March 2011

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

 

CIR/MRD/DP/ 03 /2011

March 22, 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 – December 2010 & January 2011

 

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 during the month of December 2010 and January 2011.

 

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,

Rajesh Kumar Dangeti

Deputy General Manager

022-26449242

email: rajeshkd@sebi.gov.in

 

 

Annexure A

SR. NO.

NAME OF THE COMPANY 

ISIN

1

SHREE SHALEEN TEXTILES LIMITED  I

NE703L01018

2

CARBO CERAMICS LIMITED 

INE711L01011

3

BETEX INDIA LIMITED

INE765L01017

4

KUMBHAT FINANCIAL SERVICES LIMITED

INE795E01019

5

AGARWAL HOLDINGS LIMITED

INE786K01015

6

LS INDUSTRIES LIMITED

INE345D01023

7

R.S. INFRA-TRANSMISSION LIMITED

INE658L01014

8

PARIJAT PAPER MILLS LIMITED 

INE447K01014

9

JAGANNATH ALLOYS LIMITED

INE493L01016

10

SHUKRA BULLIONS LIMITED

INE561E0105

11

 KIRAN SYNTEX LIMITED 

INE293D01017

12

EMERGENT ENERGY AND SERVICES LIMITED

INE668L01013

13 

AMRIT-VILLA INVESTMENTS LIMITED

INE145F01014

14 

SANGAL PAPERS LTD

 

INE384D01022

 

 

 

Guest
on 23 March 2011
Notification No : CIR/MRD/DP/ 03 /2011
Published in Shares & Stock
Source : ,










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