SECURITIES AND EXCHANGE BOARD OF INDIA
SMDRP/POLCIY/CIR-24/2000
JUNE 23, 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-09!2000 dated February 16, 2000 advising inter-alia the list of 195 scrips (serial numbers 373 to 567 of annexure “B” to the circular) 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 June 26, 2000.
Some of the companies, whose scrips were included in the list of securities for compulsory trading in dematerialised form for institutional investors and OCBs, could not sign agreements and establish connectivity with either or both the depositories well on time or are in the process of doing so. It has been decided that the effective date for compulsory trading by institutional investors and OCBs in dematerialised form for these scrips (51 scrips as per annexure A) therefore stands postponed and the revised date would be announced later.
Yours faithfully,
P. K. KURIACHEN
DIVISION CHIEF
SECONDARY MARKET, DEPOSITORIES, RESEARCH & PUBLICATIONS DEPARTMENT
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