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Establishment of Connectivity with both depositories NSDL and CDSL


 Notice Date : 18 July 2011

 CIR/MRD/DP/ 10 /2011

July 18, 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

 

Annexure A

SR. NO.

NAME OF THE COMPANY 

ISIN

1 

Midland Polymers Limited 

INE046M01010

2 

Nuway Organic Naturals India Limited 

INE414L01012

3 

Genera Industries Limited

INE993L01015

4 

Dinesh Allorga Limited

INE422G01015

5 

Gujarat Meditech Limited

INE010M01016

6 

Vora Constructions Limited

INE902L01016

7 

North Eastern Carrying Corporation Limited

INE553C01016

8 

Parichay Investments Limited

INE701F01014

9 

James Hotels Limited 

INE510D01014

10 

Sarvamangal Mercantile  Company Limited

INE978L01016

11 

Exdon Trading Company Limited

INE204I01013

12 

Sun Granite Export Limited 

INE032M01010

13 

Ekam Leasing and Finance Co. Limited

INE906L01017

14 

Concord Drugs Limited

INE858L01010

15 

Citizen Infoline Limited

INE473L01018

16 

Gold Rock Investments Limited

INE598F01014

17 

Mahaveer Finance (India) Limited

INE911L01017

18 

Regency Trust Limited

INE425F01010

19 

Priti Mercantile Company Limited

INE793G01019

 

 

Guest
on 18 July 2011
Notification No : CIR/MRD/DP/ 10 /2011
Published in Shares & Stock
Source : ,










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