SMDRP/POLICY/CIR-55/00

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..... ns made by the Secondary Market Advisory Committee of SEBI at its meeting held on November 28, 2000, the stock exchanges are directed to implement the following measures : 1. Abolition of 'No Delivery Period' Further to our circular no. SMDRP/POLICY/CIR-15/2000 dated April 4, 2000, it is advised that 'No Delivery Period' on account of book closure/record dates for corporate actions such as issue .....

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..... the circular, in such a way that client code becomes mandatory at the broker level. Some of the stock exchanges have complied with this directive. It has now been decided 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. Yours faithf .....

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