Trading and settlement of trades in dematerialised securities - SEBI - SMDRP/POLICY/CIR-14/2001

Circulars SECURITIES AND EXCHANGE BOARD OF INDIA SECONDARY MARKET DEPARTMENT Mittal Court, B Wing, First Floor, 224, Nariman Point, Mumbai 400 021 SMDRP/POLICY/CIR-14/2001 March 08, 2001 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-49/2000 dated October 16, 2000 advising that there should be a time gap of three months between the date for establishing connectivity by the companies with both the depositories and the date of commencement of compulsory dematerialised trading. It was further advised that the date announced for compulsory dematerialised trading for the scrips as per SEBI circular no. SMDRP/POLICY/Cir-23/2000 dated May 29, 2000 would henceforth be treated as the date by which the company should establish connectivity with both the depositories. The compulsory dematerialized trading in these companies will commence after three month from that date. It was also mentioned in the circular that the companies which fail to establish connectivity with both the depositories on the scheduled date would be traded only on the 'trade for trade' settlement window of the exchanges from the following settlement period. In accordance with the aforementioned circulars dated May 29, 2000 and October 16, 2000, out of the 275 scrips required to establish connectivity with both the depositories by February 26, 2001, 126 companies have now established connectivity. These 126 scrips (Serial No. 1 to 126 of annexure 'A') would be traded compulsorily in dematerialized form by all investors with effect from May 28, 2001. The 146 scrips (Serial No. 127 to 272 of annexure 'A') which have not established connectivity would be traded only on trade for trade segment of the stock exchanges, from the settlement period commencing on or immediately after March 19, 2001. Currently scrips of 566 companies have been included for trading only on 'trade for trade' settlement window of the exchanges. Out of these, 77 companies (Serial Nos. 273 to 349 of annexure 'A') have established connectivity with both the depositories. These scrips shall be traded on the normal trading segment where deliveries can be made either in physical or dematerialised form with effect from March 26, 2001 and compulsorily in dematerialised form 3 months after that date i.e. from June 25, 2001. Yours faithfully, P. K. KURIACHEN DEPUTY GENERAL MANAGER SECONDARY MARKET, DEPOSITORIES, RESEARCH PUBLICATIONS DEPARTMENT ANNEXURE A S. No NAME OF THE COMPANY SCRIPS (serial no s 01 to 126) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM MAY 28, 2001 1 ADVIK LABORATORIES LTD 2 ALIPURDUAR TEA COMPANY LTD 3 ALPS INDUSTRIES LTD 4 AMGF INTERCORP LTD (for ASHU MOTOR GENERAL FINANCE LTD) 5 AMOL DICALITE LTD 6 ANNAMALLAI FINANCE LTD 7 ANSAL PROPERTIES INDUS LTD 8 ARVIND REMEDIES LTD 9 ASSAM BROOK LIMITED 10 AUTOLITE (INDIA) LIMITED 11 BAKRA PRATISTHAN LTD 12 BALA TECHNO GLOBAL LTD (for BALA TECHNO FINANCE LTD) 13 BESTCORP SECURITIES LTD 14 BHARAT GEARS LTD. 15 BIHAR SPONGE IRON LTD. 16 CAMPHOR AND ALLIED PRODUCTS LTD 17 CAPITAL TRUST LTD 18 CHESLIND TEXTILES LTD 19 CLASSIC GLOBAL IMPEX LTD 20 COMMITMENT FINANCE LTD 21 DAI ICHI KARKARIA LTD 22 DECCAN CEMENTS LTD 23 DEVIKA PROTEINS LTD 24 DIAMOND CABLES LTD 25 DOOGAR ASSOCIATES LTD 26 DYNAMIC PORTFOLIO MGMT SERVICES LTD 27 EASUN CAPITAL MARKETS LTD 28 ELPRO INTERNATIONAL LTD 29 ESI LTD (for EASTERN SILK INDUSTRIES LTD) 30 EUROPEAN SOFTWARE ALLIANCES LTD 31 FAZE THREE EXPORTS LTD 32 FINANCE EXCHANGE (INDIA) LTD 33 FLEX FOODS LTD 34 FRONTLINE SECURITIES LTD 35 G R MAGNETS LTD 36 GAUTAM RESOURCES LTD. 37 GLITTEK GRANITES LTD 38 GLOBAL FINANCE SECURITIES 39 GOPLEE LEASE FINANCE LTD. 40 GREENPLY INDUSTRIES LTD 41 GROVER LEASING LTD 42 GUJARAT CYCLES LTD 43 GUJARAT THEMIS BIOSYN LTD 44 H.B. PORTFOLIO LTD 45 HARIG CRANKSHAFTS LTD 46 HB STOCKHOLDINGS LIMITED 47 HIMALAYA GRANITES LTD 48 HINDUSTAN FINANCIAL MANAGEMENT LTD 49 HITTCO ONLINE TECHNOLOGIES LTD (for HITTCO PRECS TOOLS TECHNOLOGIES LTD) 50 INDIA LEASE DEVELOPMENT LTD 51 INDIAN ROPEWAYS ENGG.COMPANT LTD 52 INDO COUNT INDUSTRIES LTD 53 INDRAPRASTHA MEDICAL CORPORATION LTD 54 INTERNATIONAL CONVEYORS LTD 55 INVINEX LABORATORIES LTD 56 JAGSONPAL FINANCE LEASING LTD 57 JAIN MARBLE UDHYOG LTD 58 JAYSYNTH DYESTUFF (I) LTD 59 JPT SECURITIES LTD 60 KAMAT HOTELS (I) LTD 61 KARUNA CABLES LTD 62 KAY VEE AAR LTD 63 KEMICARE PRODUCTS LTD 64 KEYNOTE CORPORATE SERVICES LTD 65 KHYATI MULTIMEDIA ENTERTAINMENT LTD (for KHYATI RESORTS LTD) 66 KWALITY DAIRY (I) LTD 67 LAKSHMI MILLS COMPANY LTD 68 LANCO INDUSTRIES LTD 69 MANGALAM TIMBER PRODUCTS LTD 70 MARUTI SECURITIES LTD 71 MEFCOMS AGRO INDUSTRIES LTD 72 MEWAR INDUSTRIES LTD 73 MINAXI TEXTILES LTD. 74 MSL INDUSTRIES LTD 75 MULTIPLUS RESOURCES LTD 76 N C L INDUSTRIES LTD 77 NAGA DHUNSERI GROUP LTD 78 NALCO CHEMICALS LTD 79 NATIONAL PEROXIDE LTD 80 NEELACHAL TECHNOLOGIES LTD (for SHREE NEELACHAL LAB LTD) 81 NEIL INDUSTRIES LTD 82 NEXGEN TECHNOLOGIES LTD (for NEXGEN FLORITECH LTD) 83 NILA INFRASTRUCTURES LTD. 84 NOIDA MEDICARE CENTRE LTD 85 OASIS CINE COMMUNICATIONS LTD (for OASIS EXPORTS LTD) 86 OCEAN INFRASTRUCTURE LTD 87 ORBIT AIRFREIGHT LTD. 88 OTCO INTERNATIONAL LTD 89 PACIFIC COTSPIN LTD 90 PAREKH ALLUMINEX LTD. 91 PARKER AGROCHEM EXPORTS LTD 92 PENNAR PROFILES LTD 93 PICCADILY AGRO INDUSTRIES LTD 94 POKARNA GRANITES LTD 95 PRAKASH INDUSTRIES LTD 96 R.K.ISPAT LTD 97 RAGHUVIR SYSTHETICS LTD 98 RAJASTHAN POLYESTERS LTD 99 RAJDARSHAN INDUSTRIES LTD 100 RATTAN VANASPATI LTD 101 REAL STRIPS LTD 102 RELISH PHARMACEURICALS LTD 103 RIDER ELECTRONICS LTD 104 RUCHI STRIPS AND ALLOYS LTD 105 S K P SECURITIES LTD 106 SAI SERVICE STATION LTD 107 SAMPRE NUTRITIONS LTD 108 SARASWATI INDUSTRIAL SYNDICATE LTD 109 SECUNDERABAD HEALTHCARE LTD 110 SHAH ALLOYS LTD 111 SHARPSCAN PRINTS LTD 112 SHREE RAJASTHAN SYNTEX LTD 113 SIRPUR PAPER MILLS LTD 114 SOM DATT FINANCE CORPORATION LTD 115 SPENTEX INDUSTRIES LTD 116 SRH SYNTHETICS LTD 117 SRI KRISHNA DRUGS LTD 118 STEEL STRIPS WHEELS LTD 119 SUN FLOWER COMMERCE LTD 120 SUNIL SYNCHEM LTD 121 TARAI FOODS LTD 122 TOKYO PLAST INTERNATIONAL LTD 123 TYROON TEA COMPANY LTD 124 VBC INDSUSTRIES LTD 125 VIKASJYOTI COMMERCE LTD 126 XPRO INDIA LTD. SCRIPS (serial no s 127 to 272) TO BE TRADED ONLY ON THE TRADE FOR TRADE SETTLEMENT WINDOW OF THE STOCK EXCHANGES FROM MARCH 19, 2001 127 A R M POLYMERS 128 AEKTA LTD 129 AKAR LAMINATORS LTD 130 ALTOS (I) LTD 131 ANG EXPORTS 132 APEX ENTERPRISES (I) 133 ARCHIT HOLDINGS CREDITS 134 ARISTOCRAT LEASING 135 ARUNA SUGARS AND ENTERP. 136 ATUL GLASS IND. 137 AUTHENTIC INV. FINANCE 138 B P CAPITAL 139 BAID LEASING FINANCE 140 BALAJI HOTELS ENTER. LTD 141 BHATKOWA TEA INDUSTRIES 142 BHIWANI TECHNO 143 BL INDUSTRIES 144 BLUE CHIP STOCKSPIN LTD 145 BLUEPRINT SECURITIES LTD 146 BOND COMPANY 147 BUDGE BUDGE CO 148 CAPFIN INDIA 149 CEETA INDUSTRIES 150 CHAMPION CEMENT INDUSTRIES 151 CHEMOX CHEMICALS LTD 152 CONSORTIUM FINANCE LEASING 153 CORONET INDUSTRIES 154 COSTPLUS CREDIT CAPITAL 155 CUREFAST REMEDIES 156 DATALINE RESEARCH TECH. 157 DATRE CORPORATION 158 DHANKARI INVESTMENTS 159 DHRUV MAKHAN (I) LTD 160 DSJ FINANCE CORPORATION L 161 DYNACHEM PHAR. (EXPORTS) 162 EMPEE SUGARS AND CHEMICAL 163 ENKAY TEXOFOOD IND. LTD 164 FICON LEASE FIN.LTD. 165 G.K.CONSULTANTS LTD 166 GALAXY APPLIANCES LTD 167 GIC BALANCED FUND 168 GOENKA BUSINESS FINANCE 169 GOYAL CAPITAL 170 GUJ. STEEL TUBES LTD 171 GUJARAT PROJECT PROF.LT 172 HATIGOR TEA ESTATES 173 HERALD COMMERCE 174 HI-TECH WINDING SYSTEMS 175 HOWRAH MILLS 176 INCAB INDUSTRIES 177 INDCAP FINANCIAL 178 INDO ASIAN FUSE GEAR 179 INDUSTRIAL CABLES (INDIA) 180 INNOVATIVE FINVEST 181 INTENSIVE AIR SYS. 182 ISPAT FINANCE 183 J J H INDUSTRIES 184 JAI PARABOLIC SPRINGS LTD 185 JANKI SECURITIES 186 JAY RAPID ROLLER 187 JENSON NICHOLSON FIN.SERV. 188 JILLICHEM LABORATORIES (I 189 KAJAL (INDIA) 190 KALYANI REF. 191 KANORIA PLASCHEM LTD 192 KITTI STEELS 193 KND ENG TECHNOLOGIES LTD 194 KOLMAK CHEMICALS 195 KRISONS ELECTRONIC SYSTEMS 196 LAUREL ORGANICS 197 LIKHAMI LEASING 198 LOGWELL FORGING 199 LUNER FINANCE 200 LYONS CORPORATE MARKET 201 M. B. INDUSTRIES LTD. 202 MADHUSUDAN HOLDINGS 203 MAHAVEER INFOWAY LTD (for MAHAVEER LEAFIN HOLDINGS LTD) 204 MANDU INDUSTRIES LTD 205 MARAL FINANCE LTD 206 MARSON'S LTD. 207 MARUTHI COTEX 208 MAYA TRADE LINKS 209 MERRY SHAREFIN LTD. 210 METHONI TEA CO 211 MODERN INSULATORS LTD 212 MODI ALKALIES CHEM LTD. 213 MODI XEROX LTD 214 MONNET INTERNATIONAL 215 MORGAN INDUSTRIES 216 MUKTAMANI FIN CO. 217 NAMASTE EXPORTS LTD 218 NOVOT INDS. 219 OM SECURITIES 220 ORIND EXPORTS 221 OSWAL AGRO FURANE 222 PANKHIL FINLEASE LTD. 223 PASUPATI FABRICS LTD 224 PATRIOT TRADING CO 225 PEARL LEASING 226 PG INDUSTRY 227 PIONEER PRODUCTS 228 PNB PREM PLUS91-CUMULATIV 229 POLYLINK POLYMERS INDIA 230 PREMIER DIE CASTING ENG 231 PRETTO LEATHER INDUSTRIES 232 PRIX INDIA 233 PRUDENTIAL SUGAR CORP LTD 234 PURBASHA RESOURCES 235 R R MOHOTA SPG WVG MILL 236 RADIANT ROTOGRAVURE 237 RAJASTHAN BREWERIES 238 RAMANUJ LEASING 239 RATHI ALLOYS STEELS 240 RATNAJYOT METCAST LTD 241 RIGA SUGAR COMPANY 242 ROHINI STRIPS 243 ROSSELL INDUSTRIES LTD 244 ROTOFLEX INDUSTRIES LTD 245 RYDAK TEA SYNDICATE 246 SUJANA INDS. 247 SACHDEV INTERNATIONAL 248 SAHAS CEMENTS LTD 249 SARTHAK SECURITIES LTD 250 SAVITA CHEMICALS LTD 251 SEAGULL LEAFIN 252 SEEMAX INDUSTRIES 253 SHARDA CAPSEC 254 SHIVALIK LOHA MILLS LTD 255 SHREE VINDHYA PAPER MILLS 256 SHRIRAM NEEDLE 257 SIBAR FIN. 258 SIDDHI VINAYAL METAL CO. 259 SINDHU TRADE LINKS 260 SJB TUBES 261 SMARK GLOB.FIN. 262 SNS DIAGNOSTICS 263 SONAL INTERNATIONAL LTD 264 STANDARD CAPITAL MARKETS 265 STIEFEL UND SCHUH (I) 266 SUBHSREE PETROCHAM INDST INVES 267 SUDAMA TRADING INVESTMENTS 268 SUDITI EXPORTS 269 SURAJ FINSEC LTD 270 SWASTIK PLYWOOD 271 THAPAR CONCAST 272 HYPERSOFT TTECHNOLOGIES LTD (for VV CIRCUITS) SCRIPS (serial no s 273 to 349) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM JUNE 25, 2001 273 A J BROTHERS LTD 274 ANUKUL INVESTMENTS LTD 275 ARADHANA INVESTMENTS LTD 276 ARIHANT CLASSIC FINANCE LTD 277 ASHISH POLYPLAST LTD 278 B T W INDUSTRIES LTD 279 BANKAM INVESTMENTS LTD 280 BHARATPUR NUTRITIONAL PRODUCTS LTD (for DALMIA INDUSTRIES ) 281 BHASKAR SHRACHI ALLOYS LTD 282 BIRMINGHAM THERMOTECH LTD 283 CARNATION NUTRA-ANALOUGE FOODS LTD 284 CINDRELLA HOTELS LTD 285 CLASSIC GROWERS LTD 286 COLINZ LABORATORIES LTD 287 D S Q INDUSTRIES LTD 288 DOLPHIN LABORATORIES LTD 289 EASTERN GASES LTD 290 ETP CORPORATION LTD. 291 FIRST LEASING COMPANY OF INDIA LTD 292 FORT WILLIAM INDUSTRIES LTD 293 GANODAYA FINLEASE LTD 294 GCCL CONSTRUCTION REALITIES LTD 295 GILADA FINANCE INVESTMENTS LTD 296 GOGIA CAP.COM LTD (for GOGIA CAPITAL SERVICES LTD) 297 H.B. ESTATE DEVELOPERS 298 ICDS LTD 299 INDIA STEAMSHIP COMPANY LTD 300 INDO MATSUSHITA APPLIANCES CO LTD 301 INNOVATIVE MARINE FOODS LTD 302 INTERNATIONAL CONSTRUCTIONS LTD 303 IST LTD 304 JAGATJIT INDUSTRIES LTD. 305 KHODIYAR INDUSTRIES LTD. 306 KOME-ON COMMUNICATION LTD 307 M.P INVESTMENT CONSULTANCY SERVICES LTD 308 MARDA COMMERCIAL HOLDINGS LTD 309 MASCOT ONLINE.COM LTD (for SBP (INDIA) LTD) 310 MATHER PLATT (I) LTD. 311 MONNET ISPAT LTD 312 N G INDUSTRIES LTD 313 NAMOKAR TRADE (I) LTD 314 NEGOLICE INDIA LTD 315 NEO SACK LTD 316 OFFSHORE FINVEST LTD 317 ORCAP SECURITIES LTD 318 PACIFIC INDUSTRIES LTD 319 PENROSE MERCANTILES LTD 320 PHILLIPS CARBON BLACK LTD 321 QUANTUM DIGITAL VISION (INDIA) LTD (QUANTUM INDUSTRIES (I) LTD) 322 R D B INDUSTRIES LTD 323 RAHUL COMMERCIALS LTD 324 RAMCO INDUSTRIES LIMITED 325 RAYMED LABS LTD 326 REAL VALUE APPLIANCES LTD 327 ROHAN FINANCE SECURITIES LTD 328 ROSSELL TEA LTD 329 RUCHI INFRASTRUCTURE LTD 330 SAMTEL (I) LTD 331 SAVITRI OVERSEAS LTD 332 SEASONS TEXTILES LTD 333 SHALIMAR PAINTS LTD 334 SHRACHI SECURITIES LTD 335 SIDDHESWARI GARMENTS LTD 336 SIDH INDUSTRIES LTD 337 SNOWTEX UDYOG LTD 338 SOM CONSTRUCTION AND DEVELOPERS LTD (for AXOM PIPES N TUBES) 339 SRINIVASA SHIPPING AND PROPERTY DEVELOPMENT LTD 340 STAR LIGHT CREDIT (INDIA) LTD 341 SUDEV INDUSTRIES LTD 342 SUVRIDHI FINANCIAL SERVICES LTD 343 SWASTIK SECURITIES FINANCE LTD 344 TEAGE LTD. 345 THIRANI PROJECTS LTD 346 TICKWELL COMMERCIAL LTD 347 VOLGA AIRTECHNICS LTD 348 WELCOME COIR INDUSTRIES LTD 349 YUKEN INDIA LTD