ESTABLISHMENT OF CONNECTIVITY WITH BOTH DEPOSITORIES NSDL AND CDSL – COMPANIES ELIGIBLE FOR SHIFTING FROM TRADE FOR TRADE SETTLEMENT (TFTS) TO NORMAL ROLLING SETTLEMENT
Circular No.:-CIR/MRD/DP/ 19 /2013
Dated:-June 11, 2013
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 his regard in the
Monthly/Quarterly Development Report.
Annexure A
Name of the Company |
ISIN |
Jauss
Polymers Limited |
INE593O01017 |
Malti
Textiles Mills Limited |
INE907N01011 |
Techtrek
India Limited |
INE892N01015 |
Combat Drugs
Limited |
INE643N01012 |
Mehta Housing
Finance Limited |
INE239B01014 |
Essen
Supplements India Limited |
INE716K01012 |
Adi Rasayan
Limited |
INE861N01010 |
Shree Ganesh
Biotech (India) Ltd |
INE051N01018 |
Regards
CA. Mona Singhal
Partner
Arpit Gupta & Associates
Chartered Accountants
701, Nirmal Tower,
26, Barakhamba Road,
Connaught Place, Delhi-110001
Mobile:- +91-9873082769
Website: www.caaga.co.in
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