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Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Rolling Segment

Jan 13, 2006
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Circulars

GENERAL MANAGER

MARKET REGULATION DEPARTMENT

MRD/DoP/SE/Cir-1 /06

 January 13, 2006 

 

The Executive Directors/Managing Directors/CEOs/

Administrators of all Stock Exchanges

 

Dear Sir/Madam,

 

Sub: Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Rolling Segment

 

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 on or before 30.09.2005 but still continue to be traded in TFTS.

 

2        The stock exchanges may consider shifting the trading in these securities to rolling settlement subject to the following :

 

a)     At least 50% of non-promoter holdings as per clause 35 of Listing Agreement are in demat mode before shifting the trading in the securities of the company from TFTS to 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 for continuation of the trading in TFTS.

 

3.      The Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly Development Report for the month of February, 2006.

 

 

Yours faithfully,

V S SUNDARESAN

Encl: Annexure A

 

Annexure A

 

S.NO.

NAME OF THE COMPANY

ISIN NO.
  1.  

BINANI METALS LIMITED

INE129H01014
  1.  

CENTRAL INDIA INDUSTRIES LIMITED

INE476E01016
  1.  

EMPEE SUGARS AND CHEMICALS LIMITED

INE928B01012
  1.  

GEE LIMITED

INE064H01013
  1.  

GOLDEN CARPETS LIMITED

INE595D01015
  1.  

HERBERTSONS LIMITED

INE546A01014
  1.  

INDUCTO STEEL LIMITED

INE146H01018
  1.  

INTERLINK PETROLEUM LIMITED

INE959G01016
  1.  

KG PETROCHEM LIMITED

INE902G01016
  1.  

MARMAGOA STEEL LIMITED

INE698E01023
  1.  

MUKESH STEELS LIMITED

INE953G01019
  1.  

NAKAMICHI SECURITIES LIMITED

INE857C01011
  1.  

NONSTOP PLANTATION LIMITED

INE803E01011
  1.  

S. G. S. INVESTMENTS LIMITED

INE560E01017
  1.  

SARTHAK GLOBAL LIMITED

INE075H01019
  1.  

SARTHAK INDUSTRIES LIMITED

INE074H01012
  1.  

SCORE INFORMATION TECHNOLOGIES LIMITED

INE326F01010
  1.  

SHREE HANUMAN SUGAR & INDUSTRIES LIMITED

INE101H01013
  1.  

SHUBHAM GRANITES LIMITED

INE096H01015
  1.  

SIR SHADI LAL ENTERPRISES LIMITED

INE117H01019
  1.  

SUPREME YARNS LIMITED

INE651G01019
  1.  

THE KADRI MILLS [CBE] LIMITED

INE065H01010
  1.  

TRIPEX OVERSEAS LIMITED

INE360G01017
  1.  

WELL PACK PAPERS & CONTAINERS LIMITED

INE063H01015