Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

Posted: 29/04/2012 in Circulars, Depositories, SEBI, Stock Exchanges

CIR/MRD/DP/ 13 /2012 dated April 23, 2012

To,

All Stock Exchanges

Dear Sir / Madam,

1. It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories.

2. The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:

a) At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement. For this purpose, the listed companies shall obtain a certificate from its Registrar and Transfer Agent (RTA) and submit the same to the stock exchange/s. However, if an issuer-company does not have a separate RTA, it may obtain a certificate in this regard from a practicing company Secretary/Chartered Accountant and submit the same to the stock exchange/s.

b) There are no other grounds/reasons for continuation of the trading in TFTS.

3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in the Monthly/Quarterly Development Report.

Yours faithfully,


Harini Balali

Deputy General Manager

022-26449372

email: harinib@sebi.gov.in

Annexure A

Sr.

No.

Name of the Company ISIN
1. Southern Latex Limited INE410M01018
2. Ishan Dyes And Chemicals Limited INE561M01018
3. SDFC Finance Limited INE592M01013
4. Anuvin Industries Limited INE216I01017
5. Kothari World Finance Limited INE988F01017
6. Gujarat Narmada Flyash Company Limited INE955G01014
7. Palco Metals Limited INE239L01013
8. Duncan International (India) Limited INE157M01015
9. New India Investment Corporation Limited INE178M01011
10. Elite Leasings Limited INE450M01014
11. Indian Bright Steel Company Limited INE566M01017
12. Globus Constructors & Developers Limited INE064L01015
13. Sun And Shine Worldwide Limited INE560F01014
14. Bio Whitegold Industries Limited INE307H01016
15. Lakshmi Automatic Loom Works Limited INE718M01014
16. ERP Soft Systems Limited INE308B01017
17. Global Land Masters Corporation Limited INE330B01011
18. Aashee Infotech Limited INE847M01011
19. Valuemart Retail Solutions Limited INE800F01014
20. Sulabh Engineers And Services Limited INE673M01011
21. Sheel International Limited INE895E01017
22. Inter Globe Finance Limited INE661M01016
23. Thanjavur Spinning Mill Limited INE715M01010
24. Kinetic Trust Limited INE674M01019
25. Greenline Tea And Exports Limited INE624M01014
26. Sharda Ispat Limited INE385M01012
27. Parikh Herbals Limited INE880M01012
28. Asia Pack Limited INE784M01016
29. Swadeshi Industries And Leasing Limited INE716M01018
30. Longview Tea Company Limited INE696E01019
31. P S Global Limited INE783M01018
32. Aptus Industries Limited INE899M01012
33. Gradiente Infotainment Limited INE361K01017

Click here to download the complete text of the above Circular in PDF Format- Establishment of Connectivity with both depositories NSDL and CDSL- Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement- Apr 23, 2012.

Source: Securities and Exchange Board of India.

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