Trading and settlement of trades in dematerialised securities. - SEBI - SMDRP/POLICY/CIR-38/2000

DIVISION CHIEF SECONDARY MARKET, DEPOSITORIES, RESEARCH PUBLICATIONS DEPARTMENT Email: [email protected] Phone: 022-2822333 SMDRP/POLICY/CIR-38/2000 AUGUST 18, 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-23/2000 dated May 29, 2000 advising inter alia the list of companies for compulsory settlement of trades in dematerialised form for all investors. Some of the companies however have not been able to sign agreements and establish connectivity with both the depositories well on time so that trading in compulsory dematerialized form could be commenced from the stipulated date. It is therefore, decided that all those companies which are included in the compulsory list for dematerialized trading but have failed to sign agreements and establish connectivity with both depositories, on the stipulated date, would be given one more month s time to sign an agreement and establish connectivity. In case any company fails to sign the agreements and establish connectivity with the depositories within the extended time, the shares of such companies shall be traded only on trade for trade settlement window of the exchanges from that date. Out of the 332 scrips which were to be (Serial No. 301 to 632 of annexure A of the circular dated May 29, 2000) included in the list for compulsory settlement of trades in dematerialized form by all investors with effect from August 28, 2000, 77 scrips (as per annexure A) of these companies have so far not signed agreements and established connectivity with both the depositories well on time or are in the process of doing so. Accordingly, it has been decided that the effective date for compulsory trading by all investors in dematerialized form for these scrips would be postponed to the next effective scheduled date of September 25, 2000. Please also refer to SEBI circular no. SMDRP/POLICY/CIR-27/2000 dated July 11, 2000, advising postponement of the effective date for compulsory dematerialized trading in respect of 38 scrips from July 24, 2000. These 38 scrips (as per annexure B) would now be traded compulsorily in dematerialized form effective from September 25, 2000. In case any of the companies included in annexure A B fail to sign the agreements and establish connectivity with the depositories within the extended time i.e. September 25, 2000, the shares of such companies shall be traded only on trade for trade settlement window of the exchanges from that date. Further, it has been decided that the scrips of the following companies would be excluded from the compulsory list for trading in dematerialized form: 1. State Bank of Bikaner Jaipur (serial no. 1408) 2. State Bank of Travancore (serial no. 2264) 3. State Bank of Mysore (serial no. 2511) Yours faithfully, P. K. KURIACHEN Encl.: Annexure A and B ANNEXURE A Sr. No. Name of the Company Albright Wilson Chemicals India Limited Alpic Finance Limited Appollo Finance Appollo International Limited Arihant Threads Limited Asian Coffee Limited Bajaj Tempo Limited Baroda Rayon Corporation Limited Bell Ceramics Limited Bharti Telecom Limited Cosmo Ferrites Limited Dewan Rubber Industries Limited Dujohn Laboratories Limited Electrex India Limited FGP Limited Gillanders Arbuthnot Company Limited GKW Limited Global Capital Limited Godfrey Philips India Limited Gujarat Powergen Gujarat Telephone Cables Limited Hamco Mining Smelting Limited Herbertsons Limited Hindustan Development Corpn. Limited Hi-Tech Gears Limited Home Trade Limited IFB Industries Limited IL FS Venture Corporation Limited Indian Lead Limited Indo Flogates Limited Ind-Swift Limited Indus Networks Limited Infobahn Technologies Limited Integrated Hi-Tech Limited J J Exporters Limited Jagatjit Industries Limited KRBL Limited Leading Edge Systems Limited Machino Plastics Limited Mafatlal Industries Limited Mardia Chemicals Limited Modi Luft Limited Nath Pulp Paper Mills Limited Nath Seeds Limited NEPC Agro Foods Limited NEPC-India Limited Oriental Hotels Limited Pal-Peugeot Limited Parekh Platinum Limited Patheja Forgings Auto Parts Manufacturers Ltd. PCS Industries Limited Phillips Carbon Black Limited R M Mohite Textiles Limited Rajinder Steels Limited Rama Pulp Papers Limited RCI Industries and Tech REI Agro Limited Royal Cushion Vinyl Products Limited Scintilla Software Technology Limited SIRIS Limited SIV Industries Limited SOL Pharmaceuticals Limited South India Corporation (Agencies) Limited Sree Rayalaseema Alkali Allied Chemicals Limited Stainless India Limited Star Paper Mills Limited Sterling Holiday Resorts (India) Limited Sudarshan Chemical Industries Limited Sunehari Exports Limited The Dhar Textile Mills Limited Torrent Power Limited Twenty First Century Battery Limited Upper Ganges Sugar Industries Limited Veronica Laboratories Limited Visu Cybertech Limited VXL Instruments Limited Zodiac-JRD-MKJ Limited ANNEXURE B Sr. No. Name of the Company Accurate Exports Limited AIMCO Pesticides Limited Ambuja Cement Eastern Ltd. Aridhi Hi-Tech Limited Beeyu Overseas Ltd. Bhandari Industries Limited Brady Morris Engg. Co. Limited Canbank M Fund - Unit Canstar CG Carnation Industries Limited Century Plyboards (India) Limited City Union Bank Limited Comp-U-Learn Tech. India Limited Cyberwave Internet Solutions Limited Datum Technologies (India) Limited Gujarat Credit Corporation Limited India Emerging Companies Investment Limited Indian Overseas Bank Jindal Online.Com Limited Kaashap Radiant Systems Limited Kanoria Petroproducts Limited Kesoram Textile Mills Ltd. Kushal Software Limited Laser Eye Care Limited Microcon International Limited Mukesh Babu Financial Services Limited Neeraj Consultants Limited Nirav Commercials Limited Nucleus Securities Limited Omax Autos Limited Pragnya Software Systems Limited Prosoft Systems Limited Recursion Software Limited Shine Computech Limited Systematix Corporate Services Limited Telesys Software Limited Vantage Corporate Services Limited Vera Laboratories Ltd. Zen Soft Solutions Limited