|
|
Media Release
Trading in scrips under compulsory Rolling Settlements. The Securities and Exchange Board of India (SEBI) has decided that the scrips of the companies which were not under Compulsory Rolling Settlement (CRS) as on July 2, 2001 would be brought under Compulsory Rolling Settlement w.e.f. January 2, 2002. The trades in the CRS are settled on T+5 basis. In this connection, SEBI has advised the exchanges to ensure that the companies which have not established connectivity with both the depositories, viz., (Central Depository Services (India) Ltd. and National Securities Depository Ltd. ) be advised to do so on or before September 30, 2001 so as to facilitate trading in scrips in compulsory Rolling Settlement from January 2, 2002.Accordingly, all companies listed on the Exchange, which have so far not signed agreements or not established connectivity with both the depositories are, therefore, advised to make immediate arrangements to sign the agreements and establish connectivity with both the depositories latest by September 30, 2001. Dr. Manoj Vaish August 7, 2001
|
