SEBI : Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Normal Rolling Segment (NRS)

DEPUTY GENERAL MANAGER
Market Regulation Department – Division of Policy

SEBI/MRD/DEP/Cir-5/2004
January 13, 2004

The Executive Directors/Managing Director/
Administrators of all Stock Exchanges
Dear Sir/Madam,

Sub: Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Normal Rolling Segment (NRS) 

1. It is observed from the information provided by the depositories that the companies as per Annexure ‘A’ have established connectivity with both the depositories on or before 30.09.2003 and still continue in TFTS.

2. The Stock Exchanges may shift these companies from TFTS to NRS provided there are no other specific grounds for continuation of the trading in these scrips in TFTS.

3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly Development Report for the month of January 2004.

Yours faithfully,

 V S SUNDARESAN

Encl: as above

Annexure  A