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SECURITIES AND EXCHANGE BOARD OF INDIA

SMDRP/POLICY/CIR- 12//00

March 1, 2000

To:

The President/Executive Director/Managing Director of all the Stock Exchanges

Dear Sir,

Rolling Settlement

Please refer to our circular No. SMDRP/POLICY/CIR-39/99 dated December 9, 1999 intimating the introduction of rolling settlement in ten scrips.

Based on the recommendations of the Committee on Rolling Settlement, it has been decided that trading would be compulsory in Rolling Settlement by all the investors in 34 scrips (Annexure – A) from March 21, 2000 and in 119 scrips (Annexure – B) from May 8, 2000, which may please be noted for implementation.

Yours faithfully,

P K BINDLISH

DIVISION CHIEF

SECONDARY MARKET, DEPOSITORY,

RESEARCH & PUBLICATIONS DEPARTMENT

E-Mail : pkb@sebi.govt.in

Encl. : Annexure A & B.

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