30th August 2012

CSE NOTICE/MSD/2012/106

NOTICE

 

Trading Members of the Exchange are hereby informed that to usher in better surveillance action, the Exchange proposes to lay down the following policy for movement of scrips from rolling to TFT and vice versa.

 

Information as given under for scrips traded on the C-STAR platform of the Exchange for a period of 6 months (Starting from 1st July) to be accumulated:

 

S.No

Parameters

Benchmark

1

Highest and lowest trading price of the scrips

As defined in the Benchmarkpolicy approved by the Disciplinary Action Committee on 26th September 2011

2

Volume of the scrips traded

Average volume in the last six months

3

Trades/Transactions executed in the scrips

If not traded in the past one year will be made available in the TFT segment only

4

Benchmark policy of the Exchange

 

-

5

Any other information about the company

 

Including orders received against companies by SEBI or any other regulatory bodies

6

Scrips listed on other Exchanges (BSE/NSE)

The segment in which the scrip is traded in these Exchanges

 

In addition to the above, if the shares are also listed on the National Exchanges i.e. NSE and/or BSE, the data regarding the segment in which they are traded will be referred to for taking a final decision.

Further, to acquire from listing department data for following SEBI compliances of these scrips:

 

  1. Compliance with promoter and non-promoter shareholding as per the norms of the listing agreement (clause 35)
  2. Compliance with 50% non-promoter shareholding in dematerialized form as prescribedby SEBI vide circular dated Cir/ISD/3/2011 dated 17th June 2011
  3. Compliance with 100% promoterís and promoterís group shareholding in dematerialized form as prescribedby SEBI vide circular dated Cir/ISD/3/2011 dated 17th June 2011 and circular SEBI/Cir/ISD/05/2011 dated 30th September, 2011.
  4. Compliance with scrips establishing connectivity with both depositories viz NSDL and CDSL

 

Subject to modifications as and when prescribed by SEBI.

 

Based on the aforementioned observations the Exchange will shift the scrips from TFT to rolling settlement and vice versa. Further to this, the Surveillance department will monitor the scrips for violations or aberrations observed if any, and take action accordingly. The list of such scrips will be published in the website of the Exchange to notify investors and broker members.

 

 

 

DGM (SEO)