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Companies eligible for shifting from Trade for Trade Settlement to Normal Rolling Settlement

CIRCULAR
CIR/MRD/DP/ 12 /2013

April 08, 2013

To,

All Stock Exchanges

Dear Sir / Madam,

Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

1. It is observed from the information provided by the depositories that the companies listed in Annexure ˜A™ have established connectivity with both the depositories.

2. The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:

a) At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement. For this purpose, the listed companies shall obtain a certificate from its Registrar and Transfer Agent (RTA) and submit the same to the stock exchange/s. However, if an issuer-company does not have a separate RTA, it may obtain a certificate in this regard from a practicing company Secretary/Chartered Accountant and submit the same to the stock exchange/s.
b) There are no other grounds/reasons for continuation of the trading in TFTS.

3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in the Monthly/Quarterly Development Report.

Yours faithfully,
Maninder Cheema
Deputy General Manager
email: maninderc@sebi.gov.in

Annexure A

Sr. No. Name of the Company ISIN
1 Vinaditya Trading Company Limited INE952M01019
2 Neogem India Limited INE552E01014
3 Kampani Consultants Limited INE590J01013
4 FICS Consultancy Services Limited INE651J01013
5 Esha Media Research Limited INE328F01016
6 Kumar Wire Cloth Manufacturing Company Limited INE840A01011
7 Marigold Glass Industries Limited INE414C01011
8 Indra Industries Limited INE924N01016

Tags: AnnexationCentral Depository Services LimitedIndiaNational Securities Depository LimitedSEBISecurities and Exchange Board of IndiaStock exchangeTransfer Agent

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