SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, A Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021
SMD/POLICY CIR-05/99
March 30, 1999
To:
The President/Executive Director/
Managing Director of all the Stock Exchanges/
NSDL/CDSL/AMFI/All Custodians
Dear Sir,
Trading and settlement in dematerialised securities
Please refer to our circular no. SMDRP/POLICY/CIR-03/99 dated February 04, 1999 wherein we have advised the list of scrips for compulsory dematerialised trading by institutional investors viz., banks, mutual funds, domestic financial institutions, foreign institutional investors and OCB’s.
The following three companies which were included in Annexure ‘C’ of the circular are in the process of completing the formalities with the depository for dematerialised trading.
i. LML Limited.
ii. Carrier Aircon Limited.
iii. Vesuvius India Limited.
It has therefore been decided to postpone the date for compulsory dematerialised trading in these scrips by institutional investors and OCBs to a date which would be announced after they complete the formalities.
Yours faithfully,
P.K. KURIACHEN
DIVISION CHIEF
SECONDARY MARKET, DEPOSITORIES,
RESEARCH & PUBLICATIONS DEPARTMENT
