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


 Notice Date : 28 December 2010

 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/ 38 /2010

December 28, 2010

 

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 during the month of September and October 2010.

 

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 Balaji

Deputy General Manager

022-26449372

email: harinib@sebi.gov.in

 

Annexure A

Sr. No.

Name of the Company

ISIN No.

1. 

Santowin Polyesters Limited

INE386L01012

2. 

Stanrose Mafatlal Investments & Fin Ltd.

INE441L01015

3. 

Mahamaya Steel Industries Limited

INE451L01014

4. 

Adhunik Industries Limited

INE452L01012

5.  

Tulive Developers Limited 

INE637D01015

6. 

Synthiko Foils Limited

INE363L01011

7.  

Kirti Investments Limited 

INE507L01013

8.  

Southern Fuel Limited

INE261K01019

9. 

Krishna Ventures Limited 

INE537L01010

10. 

Venmax Drugs And Pharmaceuticals Limited 

INE154G01022

11. 

Remidicherla Infra & Power Limited

INE331L01018

12. 

Ceeta Industries Limited

INE760J01012

13. 

Banas Finance Limited

INE521L01014

14. 

Parth Alluminium Limited

INE501L01016

 

 

Guest
on 29 December 2010
Notification No : CIR/MRD/DP/ 38 /2010
Published in Shares & Stock
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