Trading and settlement of trades in dematerialised securities - SEBI - SMDRP/POLICY/CIR-01/2001

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-01/2001 January 05, 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 December 26, 2000, 116 companies have now established connectivity. These 116 scrips (Serial No. 1 to 116 of annexure 'A') would be traded compulsorily in dematerialized form by all investors with effect from March 26, 2001. The 154 scrips (Serial No. 117 to 270 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 January 15, 2001. Currently scrips of 396 companies have been included for trading only on 'trade for trade' settlement window of the exchanges. Out of these, 53 companies (Serial Nos. 271 to 323 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 January 29, 2001 and compulsorily in dematerialised form 3 months after that date i.e. from April 30, 2001. Yours faithfully, P. K. KURIACHEN DIVISION CHIEF SECONDARY MARKET, DEPOSITORIES, RESEARCH PUBLICATIONS DEPARTMENT ANNEXURE A S.No Name of the Company SCRIPS (serial no s 01 to 116) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM MARCH 26, 2001 1 AASHEESH SECURITIES LTD 2 ADINATH TEXTILES LTD 3 AHLCON PARENTERALS (I) LTD 4 AMTEK AUTO LTD. 5 ANNAPURNA FOILS LTD 6 ARIHANT INDUSTRIES LTD 7 ARMAN LEASE FINANCE LTD 8 ASSAM CARBON PRODUCTS LTD 9 B S L LTD 10 B.K. DUPLEX BOARD LTD 11 BAID MERCANTILES LTD. 12 BALAJI INDUSTRIAL CORP. LTD 13 BHARAT RASAYAN LTD 14 BHOR INDUSTRIES LTD 15 BIMETAL BEARINGS LTD 16 BLOOM DEKOR LTD 17 BRAWN PHARMACEUTICALS LTD 18 BULLS AND BEARS PORTFOLIOS 19 C C A P LTD (for CENTRAL CONCRETE ALLIED PRODUCTS LTD 20 CAN FIN HOMES LTD 21 CG GLASS LTD 22 CHEVIOT COMPANY LTD 23 COMPACT DISC INDIA LTD 24 COMPUTER SKILL LTD 25 EIH ASSOCIATED HOTELS LTD 26 GDR TELEFILMS LTD (for VALUELINE SECURITIES LTD) 27 HIMADRI CREDIT FINANCE LTD 28 HINDUSTAN COMPOSITES LTD (formerly, HINDUSTAN FERODO LTD) 29 HINDUSTAN DORR OLIVER LTD 30 HOWARD HOTELS LTD 31 INANI SECURITIES LTD 32 INDIA INTERNATIONAL MARKETING CENTRE LTD 33 INDIAN HUME PIPE CO. LTD. 34 INDO COUNT FINANCE LTD 35 INDU NISSAN OXO CHEM INDUSTRIES LTD 36 INNOVATION SOFTWARE EXPORTS LTD 37 INTEGRATED FINANCIAL SERVICES LTD 38 JAGSON AIRLINES LTD 39 JAY KAY DEE INDUSTRIES LTD 40 JAYASWALS NECO LTD 41 JAYCEE INDUSTRIES LTD 42 JF LABORATORIES LTD 43 KABRA EXTRUSION TECHNIK LTD 44 KANORIA CHEMICALS INDUS LTD 45 KRISHNA ENGINEERING WORKS LTD. 46 KWALITY CREDIT LEASING LTD 47 LLOYD ELECTRIC ENGG LTD 48 LN POLYSTERS LTD 49 MAHARASHTRA APEX COPR. LTD 50 MEFCOM CAPITAL MARKETS LTD 51 MERCURY FORGG CASTING LTD 52 MOREPEN HOTELS LIMITED 53 MOUNT SHIVALIK INDUSTRIES LTD 54 MULTI-ARC INDIA LTD 55 MYSORE BREWERIES LTD 56 NATCO PHARMA LTD. 57 NEW MOUNT TRADING INVESTMENT Co LTD 58 NIKKI GLOBAL FINANCE LTD 59 NK INDUSTRIES LTD 60 NOVOPAN INDUSTRIES LTD. 61 PARIWAR FIN. INVEST.(I) LTD 62 PASUPATI ACRYLON LTD 63 PEARL GLOBAL LTD 64 PHYTO CHEM.(INDIA) LTD 65 PODAR PIGMENTS LTD 66 POLYCON INTERNATIONAL LTD 67 PRAJAY ENGINEERS SYNDICATE LTD 68 PRATIK PANELS LTD 69 PRECISION WIRES INDIA LTD 70 PRIME SOFTEX LTD 71 R T S POWER CORPORATION LTD 72 RADIANT FINANCIAL SERVICES LTD 73 RAIPUR ALLOYS STEELS LTD 74 RATNAMANI METALS TUBES LTD 75 RCS FINANCIAL TECHNOLOGY LTD 76 REGENCY LEASING LTD 77 REMSONS INDUSTRIES LTD 78 ROSELAB FINANCE LTD 79 RUPANGI IMPEX LTD 80 S P T SECUTRITIES LTD 81 SABOO SODIUM CHLORO LTD 82 SAGAR CEMENTS LTD 83 SAMKRG PISTONS RINGS LTD 84 SANGAM (INDIA) LTD 85 SANTOSH INDUSTRIES LTD 86 SCHABLONA INDIA LTD 87 SHAMBHU MERCANTILE LTD 88 SHARDARAJ TRADEFIN LTD 89 SIMPLEX CONCRETE PILES (I) LTD 90 SINGHAL OVERSEAS LTD 91 SM TELESYS LTD (for SM ELECTRONICS SERVICES ) 92 SMIFS CAPITAL MARKETS LTD 93 SPECTRUM FOODS LTD 94 STANDARD BATTERIES LTD 95 STI INDIA LTD 96 SUDHA COMMERCIAL CO LTD 97 SUMERU LEASING FINANCE LTD 98 SUPRAJIT ENGINEERING LTD 99 SURYAVANSHI SPINNING MILLS LTD 100 SUTLEJ INDUSTRIES LTD (formerly, SUTLEJ COTTON MILLS LTD) 101 SWORD SHIELD PHARMA LTD 102 TAI CHONBANG TEXTILE INDUSTRIES LTD 103 TAINWALA CHEMICAL AND PLASTICS (I) LTD 104 TATA METALIKS LTD 105 TEJ INFOWAYS LTD (formerly, SITCO FINE PHARMACEUTICALS LTD) 106 TEXMACO INDIA LTD 107 TIDE WATER OIL CO. (INDIA) LTD 108 TORRENT CABLES LTD 109 TRIVENI ENGG IND LTD 110 U.P.ASBESTOS LTD 111 UNO METALS LTD 112 VIDEOCON LEASING INDUSTRIAL FINANCE LTD 113 WALCHANDNAGAR INDUSTRIES LTD 114 WINSOME BREWERIES LTD 115 Z F STEERING GEAR (I) LTD 116 ZENITH EXPORTS LTD SCRIPS (serial no s 117 to 270) TO BE TRADED ONLY ON THE TRADE FOR TRADE SETTLEMENT WINDOW OF THE STOCK EXCHANGES FROM THE SETTLEMENT PERIOD COMMENCING ON OR IMMEDIATELY AFTER JANUARY 15, 2001 117 ACCAUTO MARKETING 118 ADDI INDUSTRIES 119 ADITYA POLYMERS LTD 120 AKS INTERNATIONAL 121 ALFA ICA (INDIA) LTD 122 ALLIANCE MGMT FISCAL 123 AMANI TRADING EXPORTS 124 ANIK SHIP BREAKING INDS 125 ANKUJ ZINC-OX LTD 126 APNO INDIA ONLINE.COM 127 ARCUTTIPORE TEA 128 ARYAN FINEFAB LTD 129 ASIAN ALLOYS 130 ATURIA CONTINENTAL 131 BAZAZ COMMERCIAL FISCAL 132 BESTY GROWTH FINANCE LTD 133 BHAKRA INDUSTRIES 134 BIHAR TUBES 135 BOB MUTUAL FUND-ELSS96 136 CARNATION NUTRA-ANALG FOD 137 CENTINETAL SURG. SUTURE 138 CHANDRA SYNTHETICS 139 CLASSIC GROWERS 140 D S Q INDUSTRIES 141 DEWAN TYRE LTD 142 DR.WELLMANS HOMOEOPHATHIC LAB. 143 EMERGY PHAARMA 144 FALCON TYRES LTD 145 G K S HOLDING 146 GERMAN GARDENS 147 GOVIND COMMERCIAL 148 GUJARAT BULK PACKS LTD 149 HANUMANT ISPAT 150 HARYANA PETRO 151 HARYANA STEEL ALLOYS 152 HEMADRI CEM. 153 HITKARI CHINA 154 IDEAL CARPETS 155 INDO COTSPIN 156 INTERFACE FIN.SER.LTD. 157 INTERNATIONAL CONST. LTD. 158 ISHAAN INFRASTRUCTURES 159 J J FINANCE CORP 160 JAGDAMBA FOODS 161 JAIN FARMS RESORTS 162 JANAK TURBO DYNAMICS 163 JORD ENGINEERS (I) LTD 164 KABSONSINDS. 165 KAMALA TEA 166 KARNAVATI ALFA INT.LTD. 167 KARWA SECU. 168 KAVERI TELECOMS LTD 169 KEVALIN SECURITIES 170 KHODIYAR INDUSTRIES LTD. 171 KIRAN OVERSEAS EXPORTS 172 KIRTI SEEDS BIOTECH 173 KNITWORTH EXPORTS 174 LAHOTI OVERSEAS LTD. 175 LAKSHMI FIN. 176 LANZORATE FINANCE (I) LTD 177 LIKAMI COMMERCIAL CO 178 LYNX INDIA 179 MADHUR HOUSING FINANCE LT 180 MAHARAJA SHREE UMAID MILLS 181 MANGALAM INDUSTRIES FINANCE 182 MANTRI HSG CONST LTD 183 MARK LEASING FINANCE 184 MARK MARBLES MINES LTD 185 MARUTI ORG. 186 MAURIA UDYOG 187 MERIT CREDIT CORP. LTD. 188 METROPOLI OVERSEAS 189 MIHIJAM VANASPATI 190 MODERN DENIM LTD 191 MODERN FINANCIAL SERVICES 192 MODI HOOVER INTERNATIONAL 193 MONICA ELECTRONICS LTD 194 MS SHOES EAST 195 NADA INDUSTRIES LTD. 196 NALIN LEASE FINANCE LTD. 197 NAMTECH ELETRONIC DEVICES 198 NEGOLICE INDIA 199 NEW INDIA INVESTMENT CORPN 200 NOVA IRON AND STEEL LTD 201 OCEAN IMPEX 202 OM DEVELOPMENT 203 ORACLE CREDIT 204 ORIENT PRESS LTD 205 ORIENTAL CIVIL ENGG. 206 OSWAL SUGARS LTD 207 PAAM PHARMA 208 PANCHAWATI HOLIDAY RESORT 209 PANKAJ POLYMERS 210 PATEL'S WIDECOM (INDIA) L 211 PEACOCK TRADERS EXPORTERS 212 PETROFARMS LTD 213 PIONEER FARMS 214 PIONEER POLYFEB 215 PRUDENTIAL STOCK BROKING SERVI 216 PUNJAB MOHTA POLYTEX LTD 217 PUNJAB WOOLCOMBERS LTD 218 RAGHUNATH TOBACCO CO. 219 RAJ PACKAGING 220 RAJASTHAN SYNTHETIC INDUST. 221 RAMADA HOTELS (I) LTD 222 RANK INDUSTRIES LTD 223 RANKLIN INV. 224 RIDS SECURITIES LTD 225 ROHAN FINANCE SECURITIES 226 ROSETTE AGRO TECH L. 227 RUCHI INFRASTRUCTURE LTD 228 RUSHABH PREC BEARINGS LTD 229 SAI BIOTECH 230 SAUMYA CONSULTANTS 231 SCHEMATIC FINANCE 232 SECURITIES DEVELOPMENT (I) 233 SHABAYA TRADES INVESTMENTS 234 SHIVA CEMENT 235 SHREE GANESH INVES. 236 SHREE MANUFACTURING CO 237 SHREE TULSI ONLINE.COM 238 SHRI MARUDHAR FINLEASE 239 SHRICHAKRA CEM. 240 SIDDHESWARI GARMENTS 241 SITA INVESTMENT CO 242 SNOWTEX UDYOG 243 SONAL COSMESTICS (EXP.) L 244 SPARTEK CERAMICS (I) LTD 245 SRI GOPAL INVESTMENTS 246 STARCHIK 247 STEEL STRIPS LEASING 248 SUBHASH CAPITAL MARKETS 249 SUN FINLEASE (GUJ) LTD 250 SUNSTAR CHEMICALS LTD 251 SUPERIOR AIR PRODUCTS 252 SURAJ STAINLESS LTD 253 SURYACHAKRA SEAFOODS 254 THAPAR ISPAT LTD 255 TIRU.SEUNG HAN 256 TRISTAR ORGANICS LTD. 257 UNIPLAS INDIA LTD 258 UNIQUE MFG. MARKETING 259 UTI-UGS 2000 260 VAANI SUG. 261 VENNGOPAL HOLDINGS 262 VIDHI DYESTUFF MFG. LTD 263 VIKRAM COMMERCAL 264 VIRAJ CREDIT CAPITAL 265 VOLGA AIRTECHNICS LTD 266 WATERBASE LTD 267 WELLWORTH SECURITIES 268 WESTERNINDS. 269 WISEC GLOBAL 270 YARN SYNDICATE SCRIPS (serial no s 271 to 323) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM APRIL 30, 2001 271 ABG HEAVY INDUSTRIES LTD 272 ANDAMANS TIMBER INDUSTRIES LTD 273 ANDREW YULE CO. LTD 274 ARAVALI INDUSTRIES LTD 275 ARIHANT ENTERPRISES LTD 276 ARIHANT THREADS LIMITED 277 ARVIND INTERNATIONAL LTD 278 ATLANTIC SPG WVG MILLS LTD 279 AURANGABAD PAPER MILLS LTD 280 B N K CAPITAL MARKETS LTD 281 BALURGHAT TECHNOLOGIES LTD (for BALURGHAT TRANSPORT LTD) 282 BIRLA CENTURY FINANCE LTD 283 BOMMIDALA AQUAMARINE LTD 284 BRUSHMAN (INDIA) LTD 285 CHAMPDANY INDUSTRIES LTD 286 CHARMS INDUSTRIES LTD (for CHARM CERAMICS LTD) 287 CLARITY FINANCIAL SERVICES 288 COMMITMENT CAPITAL SERVICES LTD 289 FRICK INDIA LTD 290 G.D. GOENKA INDIA LTD 291 GODAVARI FERTILISERS CHEMICALS LTD 292 GOPALA POLYPLAST LTD 293 HANUMAN TEA CO LTD 294 INDO-CONTINENTAL HOTELS RESORTS LTD 295 J A FINANCE LTD 296 KINETIC INVESTMENTS LTD 297 KUSUM INDUSTRIAL GASES LTD 298 MANNA GLASS-Tech INDUSTRIES LTD 299 METALMAN INDUSTRIES LTD. 300 MINOLTA FINANCE LTD 301 NORBEN TEA EXPORTS LTD 302 OMKAR PHARMACHEM LTD. 303 OMNI DYE-CHEM EXPORTS LTD 304 PROVESTMENT SERVICES LTD (for PROVESTMENT CAPITAL SERVICES LTD) 305 PRUD PHARMACEUTICALS LTD 306 RAJRATAN SYNTHETICS LTD 307 RANGE APPARELS LTD 308 RATHI UDYOG LTD 309 RAVALGAON SUGAR FARM LTD 310 REFNOL RESINS CHEMICALS LTD 311 ROADWAYS INDIA LTD 312 ROOPA INDUSTRIES LTD 313 SAGAR INTERNATIONAL LTD 314 SAMARTH INTERNATIONAL FINLEASE LTD 315 SHRI DINESH MILLS LTD 316 SIBAR AUTOPARTS LTD 317 SUNKU AUTO LTD 318 TANLA SOLUTIONS LTD (for Prism Foods Ltd) 319 TINPLATE COMPANY OF INDIA 320 V C K CAPITAL MARKETS SERVICES 321 VIRAL SYNTEX LTD 322 WINSOME YARNS LTD 323 YULE FINANCING LEASING CO. LTD