SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, A Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021
SMDRP/POLICY/CIR-36/99
November 18, 1999
To,
All Stock Exchanges/Depositories/
Custodians and AMFI/RAIN
Dear Sirs,
Trading and settlement of trades in dematerialized securities.
It was inter-alia decided at the meeting of the Working Group on dematerialisation of securities held on October 5, 1999 that effective from November 29, 1999, trading in 70 scrips (annexure 'C' to SEBI Press Release dated October 5, 1999) would be compulsory in dematerialized form for institutional investors and OCBs.
Some of the companies, whose scrips were included in the above list, could not sign agreement and establish connectivity with both the depositories well on time or are in the process of doing so. The effective date for compulsory trading in dematerialized form for these scrips would be announced at a later date.
It was, therefore, decided that effective from November 29, 1999, trading in 28 scrips (as per list enclosed) would be compulsory in dematerialized form for institutional investors and OCBs.
Yours faithfully,
P K KURIACHEN
DIVISION CHIEF
SMDRP DEPARTMENT
E-mail: kuriachen@sebi.gov.in
Phone no. 282 2333
Encl: a/a
List of 28 scrips for compulsory trading in dematerialized form by
institutional investors and OCBs effective from November 29, 1999.
- Aftek Infosys
- Alfa Laval (India) Ltd.
- Apollo Tyres Ltd.
- Archies Greetings & Gifts
- Atlas Copco
- Bausch & Lomb
- Bharat Forge Ltd.
- BOC India Ltd.
- Century Enka Ltd.
- Citi Corp Securities
- Deepak Fertilisers & Petrochemicals Corpn. Ltd
- Himachal Futerstic
- Hitech Drilling Services Ltd.
- Jaiprakash Industries.
- KLG Systems Ltd.
- LML Ltd.
- Morarka Finance Ltd
- Moser-Bayer (India) Ltd.
- Netvista Information Technology Ltd.
- Oudh Sugar Mills Ltd.
- Pentafour Communications Ltd.
- Shree Cements
- Sri Adhikari
- Tata Elexi Ltd.
- The Ahmedabad Electricity Company Ltd.
- Trent Ltd.
- Unichem Laboratories Ltd.
- Visualsoft (India) Ltd.