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

Posted: 24/11/2012 in Circulars, SEBI
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Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement 

CIRCULAR, CIR/MRD/DP/ 28 /2012, dated November 02, 2012

To,

All Stock Exchanges

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.

Annexure A

Sr.

No.

Name of the Company

ISIN

1. Drillco Metal Carbides Limited INE501N01012
2. Shree Krishna Biotech Limited INE571N01015
3. NCC Bluewater Products Limited INE630N01019
4. Hindustan Foods Limited INE254N01018
5. Sanghi Corporate Services Limited INE998M01012
6. Bonanza Industries Limited INE143N01013
7. Yamini Investments Company Limited INE457N01017
8. Prima Agro Limited INE297D01018
9. Prima Industries Limited INE723N01012
10. Jolly Merchandise Limited INE601N01010
11. Dhanleela Investments & Trading Company Limited INE683D01019
12. Parekh Distributors Limited INE528D01016
13. Marvel Vinyls Limited INE345L01018
14. UNI Tubes Limited INE184E01016
15. Ratnamani Agro Industries Limited INE679N01016
16. E-Wha Foam India Limited INE439N01015
17. Four K Animation Limited INE452N01018
18. Suryakrupa Finance Limited INE381N01019
19. Radix Industries (India) Limited INE576N01014
20. Indo Euro Indchem Limited INE319N01019
21. Euro Finmart Limited INE914E01024
22. Pacheli Enterprises Limited INE713M01015
23. Eduexel Infotainment Limited INE611F01015

Click here to download the complete text of the above Circular in PDF Format- CIRCULAR, CIR/MRD/DP/ 28 /2012, dated November 02, 2012.

Source: Securities and Exchange Board of India.

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