SMDRP/POLCIY/CIR-03/2000
JANUARY 11, 2000
To,
All Stock Exchanges!Depositories! Custodians and AMFI!RAIN
Dear Sirs,
Trading and settlement of trades in dematerialised securities.
Please refer to our earlier circular no. SMDRP!Policy!Cir-01!2000 dated January 06, 2000 advising inter alia the list of 34 scrips (annuxure “B” to circular no. SMDRP!Policy!Cir01!2000 dated January 06, 2000) for compulsory settlement of trades in dematerialised form for institutional investors viz., banks, mutual funds, domestic financial institutional investors, foreign institutional investors and OCB’s with effect from January 17, 2000. The following two companies which were included in annexure “B” are in the process of completing the formalities for signing the agreement and to establish connectivity with both the depositories:
1. Nagarjuna Fertilizers & Chemicals Limited
2. VST Industries Lmited
It has therefore been decided to postpone the date for compulsory dematerialised trading in respect of the above scrips by institutional investors and OCBs to a date which would be announced after they complete the formalities. The final list of scrips for compulsory settlement of trades in dematerialised form for institutional investors viz., banks, mutual funds, domestic financial institutional investors, foreign institutional investors and OCB’s with effect from January 17, 2000 is enclosed.
Yours faithfully,
P. K. BINDLISH
DIVISION CHIEF
SECONDARY MARKER, DEPOSITORIES,
RESEARCH & PUBLICATIONS DEPARTMENT
