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TMI BlogMeeting of all the Stock Exchanges- January 17, 2001X X X X Extracts X X X X X X X X Extracts X X X X ..... have been taken : 1. Client Code Vide circular no. SMDRP/POLIC/CIR-33/2000 dated July 27, 2000 all the stock exchanges were directed to modify their software in such a way that client code becomes mandatory at the broker level. The modification was required to be carried out within three months from the date of the circular. It was further directed by our circular No. SMDRP/POLICY/CIR-55/00 dated December 6, 2000 that the stock exchanges which do not implement this directive by January 1, 2001, would not be permitted to conduct Modified carry forward system (MCFS) or Automated Lending and Borrowing Mechanism (ALBM) sessions. Pursuant to the meeting of the stock exchanges referred above, it has now ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ttlement. 4. Use of Secondary Market for Primary Issues (a) SEBI had notified guidelines for use of secondary market route for initial public offers in Guidelines for offering securities in public issues through the Stock Exchange mechanism. DIP (Compendium) Series Circular No. 5 dated November 30, 2000 . The copy of the guidelines are enclosed herewith. These guidelines will also be available for the issue of debentures. (b) In partial amendment to the clause 11A.7.19 of the Guidelines it has been decided that the stock exchanges shall have the option to use the Trade Guarantee Fund / Settlement Guarantee Funds(TGF/SGF), subject to the following conditions : i. If a stock exchange de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e in trading system of buy- back offer by companies The stock exchanges would provide for a separate icon in the order window which would disseminate the buy-back position as of the previous trading day. The stock exchanges are advised to take immediate steps for the implementation of the above decisions. Thanking you, Yours faithfully P K BINDLISH Deputy General Manager Secondary Market Depository, Research Publications Department e-mail : [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X
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