March 11, 2014
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:
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 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.
1.There are no other grounds/reasons for continuation of the trading in TFTS.
2.The Stock Exchanges are advised to report to SEBI, the action taken in this regard
in the Monthly/Quarterly Development Report.
Deputy General Manager
|Sr. No.||Name of the Company||ISIN|
|1.||Oseaspre Consultants Limited||INE880P01015|
|2.||Technojet Consultants Limited||INE881P01013|
|3.||Ojas Asset Reconstruction Company Ltd||INE457P01012|
|4.||Amarnath Securities Limited||I NE745P0 1010|
|5.||Dhyana Finstock Limited||INE774P01010|
|6.||Quasar India Limited||INE855P01017|
|7.||Achal Investments Limited||INE860P01017|
|8.||Boston Leasing and Finance Limited||INE962P01011|
|9.||Triveni Enterprises Limited||INE916P01017|
|10.||Birdhi Chand Pannalal Agencies Limited||INE795P01015|
|11.||Crown Tours Limited||INE969E01010|
|12.||Creative Merchants Limited||INE896P01011|