Establishment of Connectivity with both
depositories NSDL and CDSL – Companies eligible for shifting from Trade for
Trade Settlement (TFTS) to Normal Rolling Settlement
CIRCULAR,
CIR/MRD/DP/ 28 /2013, dated September 24, 2013
To,
All
Stock Exchanges
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.
Annexure A
Sr.
No.
|
Name of the Company
|
ISIN
|
1.
|
Thacker
And Company Limited
|
INE077P01018
|
2.
|
Voltaire
Leasing & Finance Limited
|
INE763D01019
|
3.
|
Pretto
Leather Industries Limited
|
INE384M01015
|
4.
|
MIPCO
Seamless Rings Gujarat Limited
|
INE860N01012
|
5.
|
Anugraha
Jewellers Limited
|
INE125F01016
|
6.
|
Artech
Power Products Limited
|
INE421N01013
|
7.
|
Bhagyashree
Leasing And Finance Limited
|
INE655F01012
|
8.
|
KDJ
Holidayscapes and Resorts Limited
|
INE089E01017
|
9
|
Boston
Teknowsys (India) Limited
|
INE777E01017
|
10
|
Arnold
Holdings Limited
|
INE185K01010
|
11
|
Satya
Miners & Transporters Limited
|
INE394F01018
|
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