February 17, 2005
The Executive Directors/Managing Directors/Administrators of all Stock Exchanges
Sub: Revised Format of Monthly Development Report (MDR)
Please refer to our circular SMD/Policy/Cir-5 1/200 1 dated November 8, 2001 and other earlier circulars on the captioned subject.
1. In this regard, it is informed that the format of the Monthly Development Report (MDR) being submitted by the stock exchanges has been modified /revised (Annexure). The revised MDR will comprise of four sections, stated as under:
Section I – Trading & Ancillary Details Section II – Investor Complaints & Arbitration Section III – Stock Exchange Administration Section IV – Listing & Other Information
2. The Exchanges, having turnover of Rs. 20 Crore or more in a month or Rs. 200 Crore or more in the previous Financial Year, are required to submit the Development Report on the Monthly Basis. All the other exchanges (having turnover of less than Rs. 20 Crore in a month or less than Rs. 200 Crore in previous Financial Year) are required to submit the Development report on a quarterly basis.
3. Monthly Development Report being submitted by the subsidiary company floated by the stock exchange may be discontinued from January 2005 and stock exchanges are advised to obtain exceptional report from the subsidiary company and report to SEBI, if necessary, about the important developments.
4. You are requested to submit the information in soft copy (floppy), as per the revised format stated at Annexure from the month of January 2005 onwards and ensure the same reaches us within 7 days from the close of each month.