CIRCULAR

MRD/DoP/SE/ Cir-06/2009

June 29, 2009

The Executive Directors/Managing Directors of all Stock Exchanges

Dear Sir/Madam,

Sub: Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

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 during the months of February to April 2009.

2.The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:

3..t least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal 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.

There are no other grounds/reasons for continuation of the trading in TFTS.

The Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly/Quarterly Development Report.

Yours faithfully,

HARINI BALAJI

Annexure A

Sr. No. Name of the Company ISIN No.
1. INCA Finlease Limited INE309H01012
2. B Nanji Enterprises Limited INE735G01010
3. Shree Surgovind Tradelink Limited INE117K01013
4. Money Masters Investment Limited INE945J01 019
5. Adeshwar Cotton Industries Limited INE066C01019
6. Tirupati Sarjan Limited INE297J01015
7. The Sandur Manganese And Iron Ores Limited INE149K01016
8. Lords Chloro Alkali Limited INE846D01012
9 Ranjeev Alloys Limited INE478F01019
10 Intellivate Capital Ventures Limited INE512D01010
11 Vishnu Sugar Mills Limited INE211K01014
12 Sterling Strips Limited INE067E01013
13 Multiplus Holdings Limited INE886E01016
14 Gujarat Automotive Gears Ltd INE705G01013
15 Moongipa Capital Finance Ltd INE153K01018
16 MARG Projects and Infrastrure Limited INE942E0101 7

sebi press_logo Circular

More Under SEBI

Posted Under

Category : SEBI (2721)
Type : Circulars (7450) Notifications/Circulars (29844)
Tags : SEBI notifications (2090)

Leave a Reply

Your email address will not be published. Required fields are marked *