SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, A Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021

SMDRP/POLICY/CIR-32/98
NOVEMBER 9, 1998

The President/Executive Director/
Managing Director of all the Stock Exchanges/
NSDL/All Custodians

Dear Sir,

Trading and settlement of trades in dematerialised securities

Please refer to our earlier circulars on the subject advising inter alia the list of scrips for compulsory settlement of trades in dematerialised form for the institutional investors viz., banks, mutual funds, domestic financial institutions, foreign institutional investors and OCB’s.

It has now been decided to add units of Master Gain, Master Plus, Master Share and Master Growth schemes of Unit Trust of India, for compulsory dematerialised trading by institutional investors and OCB’s from December 15, 1998 and 65 more scrips from February 15, 1999 taking the total of such scrips to 304. The list of scrips for compulsory dematerialised trading by institutional investors and OCB’s from February 15, 1999 is given as annexure ‘A’.

It has also been decided that delivery of shares in dematerialised form is compulsory by all investors in respect of 12 scrips (annexure ‘B’) with effect from January 4, 1999 and in respect of 19 scrips (annexure ‘C’) with effect from February 15, 1999. In these scrips, the concept of Market Lot is discontinued with effect from the respective dates as above on which it becomes mandatory for all investors to give delivery only in dematerialised form.

Further, effective from January 4, 1999, any investor who would have a net delivery obligation of 5000 shares or more in any of the 24 scrips as per Annexure ‘D’, could only do so in dematerialised form.

Yours faithfully,

P.K. KURIACHEN
DIVISION CHIEF
SECONDARY MARKET, DEPOSITORIES,
RESEARCH & PUBLICATIONS DEPARTMENT

  1. Anagram Finance Limited
34. Rolta India Limited
  • Apcotex Lattices Limited
  1. Tata Finance Limited
  1. Apple Credit Corporation Limited
  1. Alok Textiles
  1. Arvind Polycot Limited
  1. Century Extrusions
  1. Ashok Leyland Finance Limited
  1. Precot Mills
  1. Birla Global Finance Limited
  1. PSI Data Systems
  1. George Williamson (Assam) Limited
  1. CMC Limited
  1. Hindustan Motors Limited
  1. Pidilite Industries
  1. Hoganas India Limited
  1. Soundcraft
  1. India Securities Limited
  1. Sterling Tools
  1. Indian Aluminium Company Limited
  1. Grandmaster – UTI
  1. lspat Alloys Limited
  1. Cummins India Limited
  1. Kirloskar Oil Engines Limited
  1. Philips India Limited
  1. Krishna Texport Industries Limited
  1. Raymond Limited
  1. Lloyds Finance Limited
  1. Thomas Cook (India) Limited
  1. Oswal Chemicals and Fertilizers Limited
  1. Tata Vashisti Detergent Limited
  1. Piramal Holdings Limited
  1. Hindustan Powerplus
  1. Raasi Cement Limited
  1. Kirloskar Pneumatic
  1. Sabero Organics Gujarat Limited
  1. Ballarpur Industries Limited
  1. Shree Krishna Petro Yams Limited
  1. Exide Industries Limited
  1. SPIC Electronic and System Limited
  1. Essar Shipping Limited
  1. Sterlite Industries (India) Ltd.
  1. Lloyds Steel Industries Limited
  1. The Bishnauth Tea Company Limited
  1. Tourism Finance Corporation of India Ltd.
  1. The Bombay Burmah Trading Corporation
  1. Lupin Labs
  1. The Indian Card Clothing Company Limited
  1. Lupin Chemicals
  1. The Jammu and Kashmir Bank Limited
  1. Best & Crompton
  1. Titanor Compo-nents Limited
  1. Goodricke Group
  1. Unit Trust of India – Unit’64 Scheme
  1. Coats of India
  1. Usha Beltron Limited
  1. Tata Timken
  1. Williamson Magor & Co. Limited
  1. MICO
31.Bajaj Hindustan Limited
  • Industrial Oxygen
32. Mukand Limited
  • Madras Cements Ltd.
33. Rain Calcining Limited
Annexure ‘B’

1. SBI

2. ICICI

3. HDFC

4. L & T

5. BPCL

6. Infosys

7. IDBI

8. BSES

9. BOI

10. Inds Ind Bank

11. WIPRO

12. VSNL

Annexure ‘C’

1.. ACC

2. MAHINDRA & MAHINDRA

3. MADRAS REFINERIES

4. TATA TEA

5. ASIAN PAINTS

6. CASTROL INDIA LTD.

7. HPCL

8. COCHIN REFINERIES.

9. RANBAXY

10. ABB

11. GUJARAT AMBUJA CEMENT

12. HERO HONDA

13. DR. REDDY’S LAB.

14. BAJAJ AUTO

15. BIRLA GLOBAL FINANCE LTD.

16. TVS SUZUKI

17. THERMAX

18. NIIT

19. GAIL

Annexure ‘D’

1. BSES LTD

2. BAJAJ AUTO

3. COLGATE

4. GLAXO (I) LTD

5. GRASIM INDUSTRIES LTD

6. GUJARAT AMBUJA CEMENT

7. HINDUSTAN LEVER LTD (HLL)

8. HINDUSTAN PETROLEUM CORP. LTD

9. HINDALCO

10. RIL

11. ITC

12. TISCO

13. TELCO

14. ACC

15. M & M

16. NIIT

17. RANBAXY

18. CASTROL INDIA LTD

19. TATA CHEMICALS

20. INDAIN HOTELS

21. MTNL

22. NESTLE

23. NOVARTIS

24. TATA POWER

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