Companies eligible for shifting from TFTS to Normal Rolling Settlement

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/ 01 /2013, dated January 21, 2013

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.	Elder Projects Limited	INE975E01017
2.	Risa International Limited	INE001O01011
3.	Mapro Industries Limited	INE848M01019
4.	Surya Industrial Corporation Limited	INE060N01019
5.	Croitre Industries Limited	INE987M01015
6.	The Anandam Rubber Company Limited	INE618N01014

Click here to download the above Circular in PDF Format.

Source: Securities and Exchange Board of India.

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

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/ 35 /2012, dated December 17, 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.

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Click here to download the complete text of the above Circular in PDF Format.

Source: Securities and Exchange Board of India.

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

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.

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

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/ 23 /2012, dated September 03, 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.

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.

.

Annexure A

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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.

Source: Source: Securities and Exchange Board of India.

 

 

 

Manner of achieving Minimum Public Shareholding Requirements in terms of SCRR, 1957

CIRCULAR, CIR/CFD/DIL/11/2012, dated August 29, 2012

To

All Stock Exchanges

1. Please refer to circular Nos. CIR/CFD/DIL/10/2010 and CIR/CFD/DIL/1/2012 dated December 16, 2010 and February 08, 2012 respectively, on the captioned subject.

2. In continuation of the above and with a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 (“SCRR, 1957”), the following additional methods shall be available:-

a. Rights Issues to public shareholders, with promoters/promoter group shareholders forgoing their rights entitlement.

b. Bonus Issues to public shareholders, with promoters/promoter group shareholders forgoing their bonus entitlement.

3. Listed entities desirous of achieving the minimum public shareholding requirement through other means may approach SEBI with appropriate details. Further, listed entities desirous of seeking any relaxation from the available methods may approach SEBI with appropriate details. Such requests would be considered by SEBI based on merit. SEBI would endeavour to communicate its decision within 30 days from the date of receipt of such requests.

4. Necessary amendments to Clause 40A of the Listing Agreement based on the above are placed in the Annexure to this Circular.

5. The above listing conditions are specified in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992, and Rule 19A of the Securities Contracts (Regulation) Rules, 1957. The said listing conditions should form part of the existing Listing Agreement of the stock exchange.

6. All stock exchanges are advised to ensure compliance with this circular and carry out the amendments in their Listing Agreement as per the Annexure to this circular.

7. This circular is available on SEBI website at www.sebi.gov.in under the categories “Legal Framework” and “Issues and Listing”.

Annexure: Amendments to Clause 40A of the Equity Listing Agreement

In sub-clause (ii) of Clause 40A of the Listing Agreement, after item (d), the following shall be inserted:-

“(e) Rights Issues to public shareholders, with promoter/promoter group shareholders forgoing their entitlement to equity shares, whether present or future, that may arise from such issue.

(f) Bonus Issues to public shareholders, with promoter/promoter group shareholders forgoing their entitlement to equity shares, whether present or future, that may arise from such issue.

(g) any other method as may be approved by SEBI, on a case to case basis.”

Click here to download the complete text of the above Circular in PDF Format- CIRCULAR, CIR/CFD/DIL/11/2012, dated August 29, 2012.

Source: Securities and Exchange Board of India.