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

E-mail: sundaresanvs@sebi.gov.in

SEBI/MRD/DEP/Cir-24/2004

July 16, 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) 

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 31.03.2004 and still continue in TFTS.

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.

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 August 2004.

Yours faithfully,

V S SUNDARESAN

Encl: as above

Annexure A