N O T I C E
June 21, 2010
Re: Conversion of interest free deposit of Rs.7.50 lacs out of BMC of Rs.10.00
lacs into a bank fixed deposit with lien marking.
are hereby requested to note that in the Exchange Notice dated 17th June 2010
the minimum period of the Fixed Deposit was mentioned as one year.
However, as per SEBI Regulations, the BMC Deposits should be for a minimum
period of Three Years. In view of the SEBI requirement, the minimum
period of the fixed deposit should be for three years instead of one year as
are requested to note the change of fixed deposit term and comply accordingly.
DGM (Securities, MOP & Surveillance)