Trading and settlement of trades in dematerialised securities

May 29, 2000

Circulars

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

SMDRP/POLICY/CIR- /2000
May 29, 2000

To:

The President/Executive Director/
Managing Director of all the Stock Exchanges/
NSDL/CDSL/Custodians/AMFI/RAIN

Dear Sir,

Trading and settlement of trades in dematerialised securities

Please refer to our earlier circulars on the subject advising inter alia the list of scrips for compulsory trading in dematerialized securities by all investors.

It was decided that trading would be compulsory in dematerialized form by all investors in 2562 scrips (annexure 'A') from the dates noted against each of them, i.e.

Serial numbers	Effective dates
1 to 300	July 24, 2000
301 to 632	August 28, 2000
633 to 907	September 25, 2000
908 to 1182	October 30, 2000
1183 to 1457	November 27, 2000
1458 to 1732	December 26, 2000
1733 to 2007	January 29, 2001
2008 to 2282	February 26, 2001
2283 to 2562	March 26, 2001

All stock exchanges are required to advise the companies which are listed on their respective exchanges to execute necessary documents with both the depositories and establish connectivity well on time so that dematerialized trading could be commenced in these scrips from the scheduled dates.

Scrips listed on the exchange consequent to the de-merger or spin off of any of the companies, which are included in the compulsory list for dematerialized trading for all investors, continue to be traded compulsorily in dematerialized form.

Yours faithfully,

P K KURIACHEN
DIVISION CHIEF
SECONDARY MARKET, DEPOSITORIES,
RESEARCH & PUBLICATIONS DEPARTMENT
Email: kuriachen@sebi.gov.in. Ph: 282 2333

Encl: Annexure A