Trading and settlement of trades in dematerialised securities - SEBI - SMDRP/POLICY/CIR-54/2000

SECURITIES AND EXCHANGE BOARD OF INDIA SECONDARY MARKET DEPARTMENT Mittal Court, A Wing, Gr. Floor, 224, Nariman Point, Mumbai 400 021 SMDRP/POLICY/CIR-54/2000 December 06, 2000 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 November 27, 2000, 104 companies have now established connectivity. These 104 scrips (Serial No. 1 to 104 of annexure A ) would be traded compulsorily in dematerialized form by all investors with effect from February 26, 2001. The 168 scrips (Serial No. 105 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 December 11, 2000. Currently scrips of 281 companies have been included for trading only on trade for trade settlement window of the exchanges. Out of these, 53 companies (Serial Nos. 273 to 325 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 December 26, 2000 and compulsorily in dematerialised form 3 months after that date i.e. from March 26, 2001. Yours faithfully, P. K. KURIACHEN DIVISION CHIEF SECONDARY MARKET, DEPOSITORIES, RESEARCH PUBLICATIONS DEPARTMENT ANNEXURE A Sl. No. Name of the Company SCRIPS (serial Nos. 01 to 104) for compulsory trading in dematerialised form for all invest from February 26, 2001 1. ABM International 2. Acknit Knitting 3. Aditya International Ltd. 4. Aegis Chemical Ind. Ltd. 5. Akanksha Finvest Ltd. 6. Amici India Ltd. 7. Apex Capital Markets Ltd. 8. Asil Industries Ltd. 9. Autolec Industries Ltd. 10. Besta Vision Electronics Ltd. 11. Bhagwati Gases Ltd. 12. Bharat Commerce and Ind. Ltd. 13. Bhuwalka Steel Indus. Ltd. 14. Bihar Caustics and Chemicals Ltd. 15. Blue Diamond Securities Finance Ltd. 16. Computer Point Ltd. 17. Cosco (India) Ltd. 18. Dagger-Forst Tools Ltd. 19. Dhanalaxmi Roto Spinners Ltd. 20. DLF Universal Ltd. 21. Eider Technologies Ltd. 22. Emmsons International Ltd. 23. Ensa Steel Industries Ltd. (for Ensa Steel Developers Ltd.) 24. Ester Industries Ltd. 25. Filaments India Ltd. 26. Flex Engineering Ltd. 27. Galada Power Telecommunication Ltd. 28. Garware Shipping Corp. Ltd. 29. Gestetner (India) Ltd. 30. Goyal Associates Ltd. 31. Himadri Chemicals and Ind. Ltd. 32. I.F.B. Agro Industries Ltd. 33. Jay Bharat Maruti Ltd. 34. J.K. Udaipur Udyog Ltd. 35. Karnataka Bank Ltd. 36. Lancing Investment Ltd. 37. Leo Industries Ltd. 38. Lincoln Pharmaceuticals Ltd. 39. Madhu Intra Ltd. 40. Madhur Cap. Fin. Ltd. 41. Magnum Ltd. 42. Manphool Exports Ltd. 43. Marudhar Food Credit Ltd. 44. Medhawi Traders Ltd. 45. Medicamen Biotech Ltd. 46. Mid India Industries Ltd. 47. Mohit Paper Mills Ltd. 48. Montari Industries Ltd. 49. Murudeshwar Ceramics Ltd. 50. My Fair Lady Ltd. 51. NEPC Textiles Ltd. 52. Nicco Uco Alliance Credit Ltd. 53. Ortin Laboratories Ltd. 54. Pasupati Spg. Wvg. Mills Ltd. 55. Phosphate Company Ltd. 56. Pilani Investment Ind. Corp. Ltd. 57. Pioneer Technoparks Ltd. (for Mansukhbhai Fin. Serv.) 58. Pix Transmissions Ltd. 59. PNC Capital Trust Ltd. 60. Polo Hotels Ltd. 61. Porritts Spencer (Asia) Ltd. 62. Pudumjee Agro Industries Ltd. 63. Rajnish Enterprises Ltd. 64. Rajshree Sugar Chemical Ltd. 65. Richfield Financial Services Ltd. 66. Royal Infosys Ltd. (for Demisha Builders Ltd.) 67. Rungta Irrigations Ltd. 68. Rupa Co. Ltd. 69. S.E. Investments Ltd. 70. S.R. Industries Ltd. 71. Saket Projects Ltd. 72. Satellite Engineering Ltd. 73. Sayaji Hotels Ltd. 74. SGN Telecoms Ltd. (for SGN Cables Industries Ltd.) 75. Shamken Spinners Ltd. 76. Shree Ajit Pulp and Paper Ltd. 77. Shreyas Shipping Ltd. 78. Silver Smith India Ltd. 79. Sky Industries Ltd. 80. Som Distilleries Breweries Ltd. 81. Southern Herbals Ltd. 82. SRU Knitters Ltd. 83. Sterling Tea and Inds. Ltd. 84. Stone India Ltd. 85. Sulzer India Ltd. 86. Super Forgings and Steels Ltd. 87. Super Sales Agencies Ltd. 88. Surya Agroils Ltd. 89. Surya Jyoti Spinning Mills Ltd. 90. Suryanagri Finlease Ltd. 91. T. I. Global Ltd. 92. Techno Electric Engineering Co. Ltd. 93. Tezpore Tea Company Ltd. 94. Tolani Bulk Carriers Ltd. 95. Transport Corp. of India (Formerly TCI Industries Limited) 96. TVS Srichakra Ltd. 97. Vax Housing Finance Corporation Ltd. 98. Vickers Systems Intl. Ltd. 99. Vincent Commercial Co. Ltd. 100. Vista Pharmaceuticals Ltd. 101. Welcure Drugs Pharmaceutical Ltd. 102. Wendt (India) Ltd. 103. Winsome Textile Industries Ltd. 104. Xedd Telecom Ltd. Scrips (Serial Nos. 105 to 272) to be traded only on the Trade for trade settlement window the stock exchanges from the settlement period commencing on or immediately after December 11, 2000 105. A.E.C. (India) 106. ACE India 107. Akai Impex Ltd. 108. Alfa Transformers 109. Alps Motor Finance 110. Andamans Timber 111. Andrew Yule Co. Ltd. 112. Ankush Finstock Ltd. 113. Aravali Industries Ltd. 114. Aravali Securities 115. Arihant Enterprises Ltd. 116. Arvind International 117. Ashok Fashions Ltd. 118. Asian Vegpro Industries 119. Atlantic Spg. Wvg. Mills 120. Axom Pipes N Tubes 121. B.N.K. Capital Market 122. B.S. Holdings Credit 123. Balaji Commercial 124. Bankam Investments 125. Bellary Steels and Alloys 126. Bhiwani Denim Apparels 127. Birla Century Finance Ltd. 128. Bommidala Aqua 129. Brushman (India) 130. Bubna Stock Broking Services 131. Cambay Investment Corpn. 132. Capital Trade Links 133. CEDE Investments 134. Ceejay Finance Ltd. 135. Champdany Industries Ltd. 136. Chemox Laboratories Ltd. 137. Clarity Financial Services 138. Coimbatore Lakshmi Invest 139. Commitment Capital Services 140. Consolidated Securities 141. CT Cotton Yarns 142. Cubex Tubings Ltd. 143. Datar Switchgear Ltd. 144. Debikay Information Tech. 145. Delta Colonizers 146. Dhvanil Chemicals Ltd. 147. Dolphin Laboratories 148. Druckgrafen India 149. Dynamic Industries Ltd. 150. Eastman Agro Mills 151. Ellora Trading 152. ETP Corporation Ltd. 153. Fantastic Commercial 154. Foundry Fuel Products 155. Frick India 156. Garuda Finance 157. Global Corporation 158. Godavari Fertilisers Ltd. 159. Golden Properties Traders 160. Gopala Polyplast 161. GRossifEEP 162. Guj. Overseas Drugs Ltd. 163. Guj. State Fin Corpn. Ltd. 164. Gujarat Carbon Industries 165. Gujarat Raffia Indust. Ltd. 166. H.B. Estate Developers 167. Hanil Era Textiles 168. Indian Charge Chrome 169. Integ. Data Sys. 170. J.J. Automotives 171. Khoday India Ltd. 172. Kumi Investments 173. Kusum Industrial Gases 174. Labh Constn. Inds. Ltd. 175. Leasemen Fin. Invest (India) 176. Lordven Techno. 177. M.F.L. Housing Finance 178. Maloo Polymers Ltd. 179. Marigold Glass Industries 180. Mascot Online. Com 181. Merbanc Fin. Serv. 182. Metalman Industries Ltd. 183. Mideast Integrated Steel 184. Minolta Finance Ltd. 185. Modern Thread Ltd. 186. Moolchand Exports Ltd. 187. Motorol (I) Ltd. 188. Mukerian Paper Ltd. 189. N.P. Chewing Gums 190. Nakamichi Securities 191. Narang Ind. 192. Navketan Merchants 193. NCC Blue 194. Niraj Petro 195. Nitu Trading Co. 196. Northern Foods 197. Nucor Wires Ltd. 198. Offshore Finvest 199. Omkar Pharmachem Ltd. 200. Omni Dye-Chem Exports Ltd. 201. Orient Hotels Ltd. 202. Paam Drugs Pharmaceuticals 203. Parasrampuria Synthetics 204. Parth Hous. and Estate Dev 205. Pasupati Technofab 206. PC Media Systems 207. Pennar Patterson Sec Ltd. 208. Pharmasia 209. Port Shipping Co. 210. Pratibha MFG. Marketing 211. Premier Vinyl Flooring LT 212. Provestment Services Ltd. (for Provestment Capital Services) 213. Prudential International 214. R.D.B. Industries 215. Raasi Leas. 216. Raghava Estates 217. Raigarh Paper Board Mills 218. Rajasthan Petro Synthetic 219. Ramkrishna Fincap 220. Rathi Udyog 221. Ravalgaon Sugar Farm Ltd. 222. Refnol Resins Chemicals 223. RMB Financial Services 224. Roadways India 225. Roopa Inds. 226. Royal Traders 227. S.I.E.L. Ltd. 228. Sagar International 229. Samarth International Fin. 230. Sanderson Industries Ltd. 231. SBEC Systems (India) 232. Secals Ltd. 233. SFS Infinite 234. Shilpax Laboratories 235. Shimoga Forge 236. Shree Rang Mark Travels 237. Shri Dinesh Mills Ltd. 238. Sibar Auto 239. Simandhar Finance Ltd. 240. Singhania Brothers 241. Skytone Capital Services 242. Smelters (India) Ltd. 243. Sonepat (India) 244. Sreecheem Resins 245. Sstella Silks Ltd. 246. Step Two Corp 247. Sudev Chemicals Ltd. 248. Suma Finance Investment 249. Sunderban Aquatic Farms 250. Supreme Agro Projects 251. Swastik Securities Fin. 252. T.C.I. Bhoruka Projects 253. Tanlaw Solutions 254. Teage Ltd. 255. Thirdwave Financial Intermedia 256. Tickwell Commercial 257. Tinplate Company of India 258. Trezer Oil 259. Umedix India Ltd. 260. UMI Special Steels 261. Unison Metal Ltd. 262. UTI-Index Equity Fund 97 263. UTI-Master Equity Plan 96 264. V.C.K. Capital Markets Services 265. Vibrant Inv. and Prop. Ltd. 266. Vijayalakshmi Spintx 267. Vini Metaspin 268. Vybra Automet 269. Winsome Yarns Ltd. 270. Yule Financing Leasing 271. Zen Yarns Ltd. 272. Zircon Traders Scrips (Serial Nos. 273 to 325) for compulsory trading in dematerialised form for all invest from March 26, 2001 273. Abir Chemicals Ltd. 274. Adtech Power Systems Ltd. 275. Arihant Cotsyn Limited 276. Ashirwad Steels Industries Ltd. 277. Axsys Healthcare Ltd. (for Dr. Ramayya s Pramila Hospitals Limited) 278. Bajwa Agro Industries Ltd. 279. Bala Techno Synthetics Ltd. 280. Bhushan Commercial Enterprises Ltd. 281. Bhuvan Tripura Industries Ltd. 282. Cepham Milk Specialities Ltd. 283. Combine Overseas Ltd. 284. Credence Sound Vision Ltd. 285. Elite Capital Management Ser Ltd. 286. Energy Development Co. Ltd. 287. Everest Organics Ltd. 288. FGP Ltd. 289. Fortune Investors Traders Ltd. 290. Freedom Industries Ltd. 291. Gleitlager (India) Ltd. 292. Graphic Finance Ltd. 293. Growth Techno Projects Ltd. 294. Hindustan Development Corporation Ltd. (HDC) merged with Hindustan Eng. Ind. Ltd.) 295. Indo Britain Agro Farms Ltd. 296. Indo-Biotech Foods Ltd. 297. Integrated Capital Services Ltd. 298. Jagan Lamps Ltd. 299. Jai Mata Glass Ltd. 300. Jog Engg. Ltd. 301. Kalpana Industries Ltd. 302. Kanha Vanaspati Ltd. 303. Karuturi.Com Ltd. 304. Mafatlal Industries Ltd. 305. Maikaal Fibres Ltd. 306. Mayo Hospitals Ltd. 307. Moon Drugs Ltd. 308. Nishel Investment Trading Co. Ltd. 309. Oasis Securities Ltd. 310. Onida Savak Ltd. 311. P.C.I. Papers Ltd. 312. Palsoft Infosystems Ltd. (formerly Autolite Cap Fin Ltd.) 313. Panama Petrochem Ltd. 314. PVD Plast Mould Ind. Ltd. 315. Sarda Information Technology Ltd. (for Sarda Fashions Ltd.) 316. Shamken Multifab Ltd. 317. Simbhaoli Sugar Mills Ltd. 318. Superhouse Leathers Ltd. (For Aminsons Ltd.) 319. Transmatic Systems Ltd. 320. Trishankti Electronics Indus Ltd. 321. Uttam Commercial Ltd. 322. Ventron Polymers Ltd. 323. Virat Crane Ind. Ltd. 324. Visu Cybertech Ltd. 325. Western India Shipyard Ltd.