Securities and Exchange Broad of India

CIRCULAR

CIR/MRD/DP/11/2011,

Dated-  October 14, 2011

To,

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.

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

a) At 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.

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

3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in the Monthly/Quarterly Development Report.

Yours faithfully,

Harini Balali
Deputy General Manager
022-26449372
email: [email protected]

Annexure A

SR. NO.

NAME OF THE COMPANY

ISIN

1. Jalan Metallurgical Limited

INE908L0 1013

2. Vaibhav Heavy Vehicles Limited

INE567E01012

 3. Pankhil Finlease Limited

INE156M01017

 4. LWS Knitwear Limited

INE281M01013

 5. Galaxy Agrico Exports Limited

INE803L01016

 6. ABC Gas (International) Limited

INE173M01012

 7. Confidence Trading Company Limited

INE180M01017

 8. Integrated Proteins Limited

INE177M01013

 9. Trendy Knitwear Limited

INE219M01013

10. TCL Technologies Limited

INE094M01010

11. Apis India Ltd

INE070K01014

12. The Bisra Stone Lime Company Limited

INE719E01019

13. Dhvanil Chemicals Limited

INE008M01010

14. JRI Industries & Infrastructure Limited

INE022M0101 1

15. Sree Satyanarayana Spinning Mills Limited

INE563E0101 1

16. Rapid Investments Limited

INE154M01012

17. Tirupati Industries (India) Limited

INE329E01017

18. Narven Finance and Investments Limited

INE984L01014

19. Modella Woollens Limited

INE380D01012

20. Malay Commercial Enterprises Limited

INE505L01017

More Under SEBI

Leave a Comment

Your email address will not be published.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

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930