FITTC Circular No.3 dated October 15, 2001

Oct 15, 2001

Deputy General Manager
Depositories and Custodian Cell                                            DCC/FITTCIR-3//2001

October 15, 2001


All Stock Exchanges / Depositories /
Custodians and AMFI / RAIN

Dear Sir,

It has been brought to our notice that some of the companies are not utilizing the facility of ECS for distributing dividends, or other cash benefits etc., to the investors. It is advised that all the companies should mandatorily use ECS facility wherever available. In the absence of availability of ECS facility, the companies may use warrants for distributing the dividends.

The Depositories and Stock Exchanges are, therefore, advised to instruct the companies accordingly.

Yours faithfully,

G. S. Reddy