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Establishment of Connectivity with both depositories NSDL and CDSL


 Notice Date : 01 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/ 35 /2010

 

December 01, 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 months of July and August 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.

Gagan Polycot India Limited

INE297L01011

2.

Jay Energy And S. Energies Limited

INE315L01011

3.

Sirhind Steel Limited

INE299L01017

4.

Neelkanth Technologies Limited

INE546F01013

5.

The Naihati Jute Mills Company Limited

INE724E01019

6.

Baroda Extrusion Limited

INE927K01015

7.

Hindustan Fluorocarbons Limited

INE806J01013

8.

New Horizon Leasing & Finance Limited

INE240L01011

9.

Rajkamal Synthetics Limited

INE376L01013

10.

Fusion Fittings (I) Limited

INE284L01019

11.

Runeecha Textiles Limited

INE373L01010

12.

Pro Fin Capital Services Limited

INE732K01019

13.

Arcadia Mercantile Capital Limited

INE365L01016

14.

Teesta Agro Industries Limited

INE757D01011

15.

Elpro Packaging Limited

INE051E01017

16.

Goyal Achal Sampatti Vikas And Niyojan Nigam Limited

INE408L01014

 

 

Guest
on 02 December 2010
Notification No : CIR/MRD/DP/ 35 /2010
Published in Shares & Stock
Source : ,






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