Trading and settlement of trades in dematerialised securities

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SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, A Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021

TO:

The President/Executive Director/
Managing Director of all the Stock Exchanges/
Depositories/Custodians/AMFI

Dear Sir,

Trading and settlement of trades in dematerialised securities

Please refer to our earlier circulars on the subject wherein we have advised the list of scrips for compulsory delivery by all investors in dematerialised form as well as the list of scrips for compulsory dematerialised trading by institutional investors viz., banks, mutual funds, domestic financial institutions, foreign institutional investors and OCB’s.

1. It has now been decided to add four more scrips namely; Zee Telefilms, Satyam Computers, Pentafour Software and LIC Housing Finance to the list of scrips (annexure ‘A’ to our circular No.SMDRP/POLICY/CIR-38/98 dated December 10, 1998) announced for compulsory delivery in dematerialised form for all investors from April 5, 1999. The revised list is given in annexure ‘A’.

 
2. Further, effective from May 31, 1999, delivery of shares in dematerialised form is compulsory for all investors in respect of 40 more scrips as given in annexure ‘B’.

 
3. It has also been decided to add 25 more scrips as given in annexure ‘C’ for compulsory dematerialised trading by institutional investors and OCB’s with effect from April 5, 1999.

 
4. The following three companies which were included in annexure ‘A’ of circular No. SMDRP/POLICY/CIR-32/98 dated November 9, 1998, for compulsory dematerialised trading by institutional investors and OCB’s from February 15, 1999 are in the process of completing the formalities with the depository for dematerialised trading:

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   1. Thomas Cook Ltd.
   2. Sterling Tools Ltd.
   3. Hindustan Power Plus Ltd.

It has therefore been decided to postpone the date for compulsory dematerialised trading in these scrips by institutional investors and OCB’s to a date which would be announced after they complete the formalities.Yours faithfully,
 

P.K. KURIACHEN
DIVISION CHIEF
SECONDARY MARKET, DEPOSITORIES,
RESEARCH & PUBLICATIONS DEPARTMENT
E-mail: kuriachen@sebi.gov.in

Annexure A

1. ARVIND MILLS
2. BHEL
3. CIPLA
4. COLGATE
5. EIH LIMITED
6. SHIPPING
7. GLAXO INDIA
8. GRASIM IND.
9. HDFC BANK
10. HINDALCO
11. HLL
12. IFCI
13. INDIAN HOTELS
14. INDIAN RAYON
15. IPCL
16. ITC
17. MTNL
18. NESTLE LTD
19. ORIENTAL BANK
20. PROCTER & GAMBLE
21. REL. CAPITAL
22. REL. PETROL
23. RELIANCE IND.
24. SMITHKLINE CONS.
25. TATA CHEM
26. TATA POWER
27. TELCO
28. TISCO
29. NOVARTIS
30. ZEE TELEFILMS
31. SAYTAM COMPUTERS
32. PENTAFOUR SOFTWARE
33. LIC HOUSING FINANCE

ANNEXURE B

1. MRPL
2. ESSAR STEEL
3. GNFC
4. OSWAL AGRO
5. BANK OF BARODA
6. CHAMBAL FERT
7. PRISM CEMENT
8. DLF CEMENT
9. GLOBAL TRUST BANK
10. SAIL
11. ICICI BANK CORP.
12. KESORAM
13. INDOGULF FERT
14. NOCIL
15. APTECH
16. ESCORTS
17. SPIC
18. BATA
19. FEDERAL BANK
20. CORPORATION BANK
21. JINDAL IRON & STEEL
22. CADBURY
23. ITC BHADRA
24. PFIZER
25. RECKITT & COLEMAN
26. DIGITAL EQUIPMENT
27. INDO RAMA SYNTH
28. BPL LTD
29. DABUR
30. BRITANNIA
31. CROMPTON GREAVES
32. NALCO
33. HINDUSTAN ZINC
34. HCL INFOSYSTEMS
35. ESSEL PACKAGING
36. WARTSILA NSD
37. CONCOR
38. STERLITE INDUSTRIES
39. SESA GOA
40. KRISHNA FILAMENTS

ANNEXURE C

1. ASIAN HOTELS LTD
2. BALMER LAWRIE & CO
3. BANK OF RAJASTHAN LTD
4. BASF LTD
5. BFL SOFTWARE LTD
6. BIRLA CORP. LTD
7. CARRIER AIRCON LTD
8. DSQ SOFTWARE LTD
9. EXCEL IND. LTD
10. GERMAN REM. LTD
11. GUJ. GAS CO. LTD
12. HIND. OIL EXPLORATION LTD
13. IDBI BANK LTD
14. INDIA CEMENTS LTD
15. ITC HOTELS LTD
16. KNOLL PHARMA LTD
17. KODAK LTD
18. LML LTD
19. SAW PIPES LTD
20. SOFTWARE SOLN INTEG. LTD
21. SONATA SOFTWARE LTD
22. SUNDARAM FASTNERS LTD
23. VESUVIUS INDIA LTD
24. VIDEOCON INTERNATIONAL LTD
25. WYETH LEDERLE LTD