The Exchange vide Circular No DCS/CIR/2004/6 dated August 3, 2004 informed that SEBI vide its letter No DPS-II/GTB-ECS/16703/2004 dated July 29, 2004 granted temporary exemption to the Registrars and Share Transfer agents and the Issuer Companies from making the payment of dividend, interest and other cash benefits through warrants(payment instruments), without printing thereon the name of the bank account details in respect of the investors having their bank accounts with the erstwhile Global Trust Bank Ltd. This was a temporary exemption available only to those investors who had furnished details of their bank accounts with GTB for availing the ECS facility.

SEBI has now vide Circular No DPS-II/GTB-ECS/39066/2005 dated April 26, 2005 informed that in view of the merger of GTB with Oriental Bank of Commerce, the applicability of the provisions of their letter Ref. No DPS-II/GTB-ECS/16703/2004 dated July 29, 2004 stands withdrawn.

Accordingly companies are requested to note that the Exchange Circular No DCS/CIR/2004/6 dated August 3, 2004 stands withdrawn .

Yours faithfully




S.Miranda                                                                                                                         K. Gopalkrishnan
Asst. Gen. Manager,                                                                                                         Asst. Gen. Manager
Dept. of Corporate Services                                                                                                Dept. of Corporate Services