SMD/Policy/4296/96
October 04, 1996

To

Executive Directors/President/
Managing Director of all Stock Exchanges.

Dear Sir,

In the meeting held on September 18, 1996 at SEBI, where representative of all Stock Exchanges were present, the bad delivery cell procedures were finalized. It was unanimously agreed that bad-delivery cell at all Stock Exchanges would start functioning within one month.

Please find enclosed the procedure for operation of bad-delivery cell so as to make it operational with effect from October 15, 1996.

Yours faithfully,
sd/-

M.D. PATEL
(ED.SMD)
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