Trading and settlement of trades in dematerialised securities - SEBI - SMDRP/POLICY/CIR-09/2001

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-09/2001 February 09, 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 January 29, 2001, 122 companies have now established connectivity. These 122 scrips (Serial No. 1 to 122 of annexure 'A') would be traded compulsorily in dematerialized form by all investors with effect from April 28, 2001. The 153 scrips (Serial No. 123 to 275 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 February 19, 2001. Currently scrips of 497 companies have been included for trading only on 'trade for trade' settlement window of the exchanges. Out of these, 82 companies (Serial Nos. 276 to 357 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 February 26, 2001 and compulsorily in dematerialised form 3 months after that date i.e. from May 28, 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 122) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM APRIL 28, 2001 1 ABHISHEK FINLEASE LTD 2 ABNER PHARMACEUTICALS LTD 3 ADITYA GLOBAL TECHNO CORPORATIONS LTD (for ADITYA ISPAT LTD) 4 AMCO VINYL LTD 5 AUTO PINS (INDIA) LTD 6 BANK OF MADURA LTD 7 BHILWARA SPINNERS LTD 8 CAPITAL HOTELS DEVELOPERS LTD 9 D B (INTERNATIONAL) STOCK BROKERS LTD 10 DAULAT SECURITIES LTD 11 DCL FINANCE LTD 12 DEEPAK SPINNERS LTD 13 DEVKI LEASING FINANCE LTD 14 DHUNSERI TEA INDUSTRIES LTD 15 DIAMOND SHIPPING COMPANY LTD 16 DUNCANS INDUSTRIES LTD 17 EASUN REYROLLE LTD 18 ENCHANTE JEWELLERY LTD 19 ESJAY COMMERCE LTD 20 EUROTEX INDUSTRIES EXPORTS LTD 21 FEDDERS LLOYDS CORPORATION LTD 22 FINANCIAL EYES (INDIA) LTD 23 G S B FINANCE LTD 24 GABRIEL INDIA LTD 25 GANESH HOUSING CORPORATION LTD 26 GLOBAL SOFTWARE LTD 27 GLOSTER JUTE MILLS LTD 28 GRAND FOUNDRY LTD 29 GROVY EXPORTS MARKETING LTD 30 GUJARAT CYPROMET LTD 31 GUNJA INTERNATIONAL LTD (for GUNJA INVESTMENT TRADING LTD) 32 H.B.LEASING FINANCE COMPANY LTD 33 HERITAGE FOODS (INDIA) LTD 34 HIND INDUSTRIES LTD 35 HOTLINE GLASS LTD 36 INCAP LTD 37 INDIA CARBON LTD 38 INDIA NIPPON ELECTRICALS LTD 39 INDICARB LTD 40 INFRAGRO INDUSTRIES LTD 41 J J SPECTRUM SILK LTD 42 JINDAL DRILLING INDUSTRIES LTD 43 JULLUNDUR MOTOR AGENCY (DELHI) LTD 44 KAJARIA IRON CASTINGS LTD 45 KCP LTD 46 KHAITAN (INDIA)LTD. 47 KILBURN CHEMICALS LTD 48 KJMC FINANCIAL SERVICES LTD 49 KRYPTON INDUSTRIES LTD 50 LAKSHMI VILAS BANK LTD 51 LANDMARC LEISURE CORPORATION LTD (for S KUMARS INFRASTRUCTURE DEVELOPMENT CORPORATION LTD) 52 LIMTEX INVESTMENTS LTD 53 LOK HOUSING CONSTRUCTIONS LTD 54 M M FORGINGS LTD 55 MADHUSUDAN IND. LTD. 56 MAITHAN ALLOYS LTD. 57 MANDYA FINANCE CO LTD 58 MANGALYA SOFT-TECH LTD. 59 MANTRA ONLINE LTD (for SHUBH AUTOMOBILES) 60 MEGA CORPORATION LTD 61 METROCHEM INDUSTRIES LTD 62 MODIPON LTD. 63 MOTOR GENERAL FINANCE LTD 64 MUDRA ISPAT LTD 65 MUKUNDA INDUSTRIAL FINANCE LTD 66 NAGARJUNA CONSTRUCTION CO LTD 67 NARMADA CHEMATUR PETROCHEMICALS LTD 68 NATIONAL PLYWOOD INDUSTRIES LTD 69 NICCO CORPORATION LTD 70 NRB BEARING LIMITED 71 OCTAL CREDIT CAPITAL LTD 72 OM UDYOG LTD. 73 OSWAL SPINNING WEAVING MILLS LTD 74 OTOKLIN PLANTS EQUIPMENTS LTD 75 PATSPIN INDIA LTD 76 PEERLESS ABASAN FINANCE LTD 77 PICCADILY SUGAR ALLIED INDUSTRIES LTD 78 PITAMBER COATED PAPERS LTD 79 POLAR INDUSTRIES LTD 80 POLYPLEX CORPORATION LTD 81 PRIYADARSHINI CEMENT LTD 82 PSL HOLDINGS LTD 83 RADICO KAITAN LTD 84 RAUNAQ AUTOMOTIVE COMPONENTS LTD 85 RLF LTD 86 RUBFILA INTERNATIONAL LTD 87 SACHDEV SECURITIES LTD 88 SAI TELEVISION LTD. 89 SAINIK FINANCE INDUSTRIES LTD 90 SATIN CREDITCARE NETWORK LTD (for SATIN LEASING FINANCE LTD) 91 SENBO INDUSTRIES LTD 92 SHETRON LTD 93 SHILP GRAVUERS LTD 94 SHREE SECURITIES LTD 95 SHREYANS INDUSTRIES LTD 96 SIDDHARTHA TUBES LTD 97 SINGER INDIA LTD 98 SOMA TEXTILES INDUST LTD 99 STRIDES ARCOLAB LTD 100 SUNITEE CHEMICALS LTD 101 SUPER BAKERS (INDIA) LTD 102 SUPERSTAR LEAFIN LTD 103 SURYALAKSHMI COTTON MILLS LTD 104 TANEJA AEROSPACE AND AVIATION LTD 105 TATA ADVANCED MATERIALS LTD 106 TCI FINANCE LTD 107 THE GROB TEA COMPANY LTD 108 THE SOUTH INDIAN BANK LTD 109 TIMES GUARANTY LTD 110 TOP CASSETTES LTD 111 TPI INDIA LTD 112 U T LTD 113 UNIPRODUCTS (INDIA) LTD 114 USHAKIRAN FINANCE LTD 115 UTKAL SOAP PRODUCTS LTD 116 VENUS REMEDIES LTD 117 VIJAY GROWTH FINANCIAL SERVICES LTD 118 VIMTA LABS LTD 119 VULCAN ENGINEERS LTD 120 WINY COMMERCIAL FISCAL SERVICES LTD 121 YATISH SECURITIES LTD 122 ZIGMA SOFTWARE LTD SCRIPS (serial no s 123 to 275) TO BE TRADED ONLY ON THE TRADE FOR TRADE SETTLEMENT WINDOW OF THE STOCK EXCHANGES FROM FEBRUARY 19, 2001 123 AARSREE AGRA 124 ACME INDUSTRIES 125 AEC ENTERPRISES 126 ANUKUL INVESTMENTS 127 ASHISH POLYPLAST LTD 128 BOI DOUBLE SQR + PLAN B 129 CINDRELLA HOTELS 130 CONTAINERWAY INTERNATIONAL 131 CORPORATE MERCHANT BANKERS 132 COZY ENTERPRISES 133 BHARATPUR NATIONAL PRODUCTS LTD (for DALMIA INDUSTRIES LTD) 134 DHANVRIDHI INVESTEMTS 135 DOUBLE SEVEN VANIJYA 136 E I T A INDIA 137 EASTERN GASES 138 ELVIS INDIA LTD. 139 ENKEY DRUGS 140 FIRST LEASING COMPANY OF 141 FORT WILLIAM INDUSTRIES LTD 142 FRONTLINE TRANSPORT 143 GCCL CONST. REALITIES LTD 144 GILADA FINANCE INV 145 GOGIA CAP.COM LTD(for GOGIA CAPITAL SERVICES LTD) 146 GORA PROJECTS 147 GUJARAT APAR POLYMERS LTD 148 GYAN TRADERS 149 HARSHA CAPITAL SERVICES 150 HATTRON COMMUNICATIONS 151 HCL OFFICE AUTOMATION 152 HINDUSTAN SEALS 153 HMG INDUSTRIES LIMITED 154 HUKUMCHAND JUTE INDUSTRIES 155 ICDS LTD 156 INDO MATSUSHITA APP LTD 157 INDUSTRIAL FISCAL SERVICES 158 INNOVATIVE MARINE FOODS 159 INTER GLOBE FINANCE 160 INTERNATIONAL PUMPS PROJECTS 161 INVOGUE FURNISHERS BUILDERS 162 IST 163 JAI COMMERCIAL CO. 164 JAINCO PROJECTS (I) 165 JALPAC INDIA 166 JANPRIYA CEMENT 167 JAY VINYLS 168 JBM TOOLS LIMITED 169 JERSEY INDIA 170 KAMPER CONCAST LIMITED 171 KANODIA COMMERCIAL 172 KANVA FINANCE LTD. 173 KARUNADHI INVESTMENT TRADING 174 KESHLATA CANCER HOSPITALS 175 KOME-ON COMMUN. LTD. 176 KPR TELE 177 LA MEDICAL DEVICES 178 LAXMAN POLYMERS 179 M B COMMERCIAL CO 180 M.P INVESTMENT CONSULTANCY S 181 MARDA COMMERCIAL HOLDINGS 182 MARSON'S POWER INFRASTRUCTUR 183 MARUTI SYNTEX 184 MATHER PLATT (I) LTD. 185 MAYAR FINANCE 186 MESCO PHARMA. LTD 187 MF SOFTTECH 188 MINDA HUF 189 MODERN PROT. 190 MOL INDIA 191 MONNET ISPAT LTD 192 MURABLACK LTD 193 N G INDUSTRIES 194 NAMOKAR TRADE (I) 195 NEO SACK LTD 196 NIHON NIRMAAN 197 NILE ASIA PACI.INV. 198 NORTH EASTERN CARRYING CORP 199 OJSWI TRADES INVESTMENT FIN 200 ORCAP SECURITIES 201 ORISSA EXTRUSIONS 202 PACIFIC INDUSTRIES 203 PARAMANI REPLAST 204 PARNAMI CREDITS 205 PASARI SPG MILLS 206 PASUPATI FINCAP 207 PENROSE MERCANTILES 208 PHARMACEUTICALS PRODUCTS 209 POLY MEDICURE 210 PREMIER POLYFILM LTD 211 PRIMAX FISCAL SERVICES 212 QUANTUM DIGITAL VISION (INDIA) LTD (formerly, QUANTUM INDUSTRIES (INDIA) LTD) 213 RADHE DEVELOPERS(I) LTD 214 RAHUL COMMERCIALS 215 RAJASTHAN CYLINDERS CONTAINE 216 RAJASTHAN POLYMERS RESI 217 RAJESH MALLEABLES LTD 218 RAMCO INDUSTRIES LIMITED 219 RATHI GRAPHIC TECHNOLOGIES 220 RAVILEELA DAIRY 221 REAL VALUE APPLIANCES LTD 222 REMI METALS GUJARAT LTD 223 RITESH EXPO. 224 RITWIK INTERNATIONAL 225 ROHIT AGRO PRODUCTS 226 ROSSELL TEA 227 RUJUL FINANCE LTD 228 S A PORTFOLIO 229 S M FINANCE LTD 230 S S INDUSTRIES ENTERPRI 231 SAMTEL (I) LTD 232 SARLA GEMS 233 SAVITRI OVERSEAS 234 SEASONS TEXTILES 235 SECUR INDUSTRIES 236 SHALIMAR PAINTS LTD 237 SHRACHI SECURITIES 238 SHREE PIPES 239 SIDH INDUSTRIES 240 SKM EGG PROD EXPORT(I) LTD 241 SKN INDUSTRIES 242 SMC CREDITS 243 SOLARSON INDUSTRIES 244 SONAL SIL-CHEM LTD 245 SPORT CORP. (-NEw) 246 SRI BHAVANI CABLETEL LTD 247 SRI MURALI SPG 248 STAR LIGHT CREDIT (INDIA) 249 STELLAR INVESTMENT 250 STENCIL APPAREL BRANDS 251 STILBENE CHEM. 252 SUCHITRA FINANCE TDG CO 253 SUDEV INDUSTRIES 254 SUJANA STEELS 255 SUN FUND MANAGEMENT 256 SURNIDHI INVESTMENT 257 SURPRISE TRADERS 258 SUVRIDHI FINANCIAL SERVICES 259 SWET-CHEM ANTIBIOTICS 260 SYLVANIA LAXMAN 261 TEMPLE LEASING FINANCE 262 THIRANI PROJECTS 263 TOBU ENTERPRISES 264 TTK PHARMA LTD 265 UMA PETRORODUCTS INDIA LTD 266 USHMA POLYMERS LIMITED 267 VASAVI INDS. H. 268 VISHVAS BUSINESS ASSOCIATES 269 VISHWAKARMA SECU. 270 WEBEL-SL ENERGY SYSTEMS 271 WELLIFE COMMERCIAL CO 272 WELSPUN FINANCE 273 WILLARD INDIA LTD 274 WOCKHARDT LIFE SCIENCES LTD 275 ZENTAL DRUGS SCRIPS (serial no s 276 to 357) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM MAY 28, 2001 276 ADVANI HOTELS AND RESORTS LTD (for RAMADA HOTELS (I) LTD) 277 AKS INTERNATIONAL LTD 278 ALFA TRANSFORMERS LTD 279 ALLIANCE MANAGEMENT FISCAL SERVICES LTD 280 ARCUTTIPORE TEA COMPANY LTD 281 AXTEL INDUSTRIES LTD 282 B. J. DUPLEX BOARDS LTD 283 BIHAR TUBES LTD 284 BIJNI DOORS TEA COMPANY LTD 285 BOLTON PROPERTIES 286 DB MERCHANT BANKING SERVICES LTD 287 DYNAMIC INDUSTRIES LTD 288 ELECTRIC CONTROL GEAR LTD 289 EMERGY PHAARMA LTD 290 FIZZA TRADING LTD 291 FOUNDRY FUEL PRODUCTS 292 G K INVESTMENTS LTD 293 GLOBAL CORPORATION LTD 294 GLOBAL INFRASTRUCTURE AND TECHNOLOGIES LTD (for MANTRI HOUSING CONST LTD) 295 GODAVARI DRUGS LTD 296 GOLDEN PROPERTIES TRADERS LTD 297 GUJARAT BULK PACKS LTD 298 GUJARAT OVERSEAS DRUGS LTD 299 HARYANA PETROCHEMICALS LTD 300 HARYANA STEEL ALLOYS LTD 301 IDEAL CARPETS LTD 302 INTEGRATED DATA SYSTEMS LTD 303 INTERFACE FINANCIAL SERVICES LTD 304 INTERFIT TECHNO PRODUCTS LTD 305 ISL CONSULTING LTD (for INNOVATION SECURITIES LTD) 306 J J AUTOMOTIVES LTD 307 J J FINANCE CORPORATION LTD 308 JAMNA AUTO INDUSTRIES LTD 309 JAYANTI COMMERCIAL LTD 310 KABSONS INDUSTRIES LTD 311 KAVERI TELECOMS LTD 312 KHATOD INVESTMENTS FINANCE CO LTD 313 KHODAY INDIA LTD 314 KNITWORTH EXPORTS LTD 315 LAHOTI OVERSEAS LTD. 316 LEASEMEN FIN. INVEST(INDIA) LTD 317 M F L HOUSING FINANCE LTD 318 MANGALAM INDUSTRIAL FINANCE LTD 319 MINTAGE ELECTRO EQUIPMENTS LTD 320 MONICA ELECTRONICS LTD 321 MUKERIAN PAPER LTD. 322 NALIN LEASE FINANCE LTD. 323 NAMTECH ELETRONIC DEVICES 324 NOVA IRON AND STEEL LTD 325 ORACLE CREDIT LTD 326 ORIENT PRESS LTD 327 OSWAL SUGARS LTD 328 PIONEER POLYFEB LTD 329 PUNJAB WOOLCOMBERS LTD 330 RAGHAV INDUSTRIES LTD ( for STERLING SECURITIES LTD) 331 RAGHUNATH TOBACCO COMPANY LTD 332 RAIGARH PAPER BOARD MILLS LTD 333 RAJ PACKAGING INDUSTRIES LTD 334 RANKLIN INVESTMENTS LTD 335 S I E L LTD. 336 SAUMYA CONSULTANTS LTD 337 SHIMOGA TECHNOLOGIES LTD (for SHIMOGA FORGE LTD) 338 SHIVA CEMENT LTD 339 SPARTEK CERAMICS (I) LTD 340 SRI GOPAL INVESTMENTS LTD 341 STARCHIK SPECIALITIES LTD 342 STEEL STRIPS LEASING LTD 343 SUBHASH CAPITAL MARKETS LTD 344 SUMA FINANCE INVESTMENT LTD 345 SURAJ STAINLESS LTD 346 SURYACHAKRA SEAFOODS LTD 347 THIRDWAVE FINANCIAL INTERMEDIARIES LTD 348 TIRUMALA SEUNG HAN TEXTILES LTD 349 UNIMIN INDIA LTD 350 UNIWORTH TEXTILES LTD ( for FABWORTH (I) LTD) 351 VATSA EDUCATION LIMITED 352 VIDHI DYESTUFF MANUFACTURING LTD 353 VIVID CHEMICALS LTD 354 WESTERN INDUSTRIES LTD 355 WISEC GLOBAL LTD 356 YARN SYNDICATE LTD 357 ZEN YARNS LTD.