Securities and Exchange Board of India
CIRCULAR
CIR/MRD/DP/23/2013
July 30, 2013
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
2. The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:
3. 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 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.
4. There are no other grounds/reasons for continuation of the trading in TFTS.
5.The Stock Exchanges are advised to report to SEBI, the action taken in this regard in the Monthly/Quarterly Development Report.
Yours faithfully,
Man inder Cheema
Deputy General Manager
email: maninderc@sebi.gov.in
Annexure A
Sr. No. | Name of the Company | ISIN |
1. | Swadeshi Polytex Limited | INE243N01011 |
2. | Joy Realty Limited | INE433O01016 |
3. | Shantanu Sheorey Aquakult Limited | INE545N01 019 |
4. | Planter’s Polysacks Limited | INE293E01015 |
5. | Centron Industrial Alliance Limited | INE450L01016 |
6. | Suryo Foods & Industries Limited | INE565E01016 |
7. | Rajlaxmi Industries Limited | INE400O01015 |
8. | Birla Transasia Carpets Limited | INE646O01013 |
9. | M P Polypropylene Limited | INE739N01018 |
10. | Bell Agro Machina Limited | INE011E01011 |
11. | Fomento Resorts And Hotels Limited | INE241E01014 |
12. | IO System Limited | INE502D01011 |
13. | Dhanvantri Jeevan Rekha Limited | INE239F01015 |
14. | Jainex Aamcol Limited | INE280F01019 |
15. | Ahmedabad Gases Limited | INE501O01010 |
16. | Sri Kanyaka Investments Limited | INE853O01 015 |