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In this connection, it is clarified that the companies which are already listed on one or more Stock Exchanges would be allowed to change the standard denomination of their equity shares only if they are in the compulsory demat list for all the investors announced by SEBI from time to time.
In this connection, it is clarified that the companies which are already listed on one or more Stock Exchanges would be allowed to change the standard denomination of their equity shares only if they are in the compulsory demat list for all the investors announced by SEBI from time to time.
It has been decided to include the under mentioned companies in the list of securities for compulsory settlement of trades in dematerialised form for all investors effective from June 26, 2000
In order to ensure the efficiency of collection and the refund/remittance of the margins system, the clearing banks of the exchanges should have connectivity with the clearing house/ corporations.
The surplus margin available with the stock exchanges in cash after adjustments for additional capital required by the broker for further exposure, will be refunded by the stock exchange to the broker on daily basis. This will be implemented by the stock exchanges as soon as possible and in any case not later than May 01, 2000.
It has been decided that the no delivery period arising out of book closure/ record dates in respect of the scrips for which delivery by all investors has beenmade compulsory in dematerialised form would be further reduced to one settlement period
the Reserve Bank of India has withdrawn its guidelines on money market mutual funds (MMMFs) w.e.f. March 7, 2000. Accordingly, such money market mutual fund schemes, like any other mutual fund schemes, would exclusively be governed by the SEBI (Mutual Funds) Regulations,1996.
, it is to inform you that the Reserve Bank of India has withdrawn its guide.ines on money market mutua. funds (MMMFs) w.e.f. March 7, 2000. According.y, such money market mutua. fund schemes, .ike any other mutua. fund schemes.
It is clarified that announcements regarding dividend/rights/bonus etc., can be made outside the market hours i.e if such announcements are to be made before the opening of the market hours it shall be made at least half an hour before the market opens.
Whether the applicant or its Director/s or partner/s is a partner or proprietor or promoter/s or director/s in any of its associate/group company /concern or any company/concern which is also registered with SEBI under any of its Regulations, and if so, details thereof