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Amendment to Annexure P incorporating ISIN level freeze / unfreeze for debit & credit

Clients can now also avail the facility of ISIN level freeze/ unfreeze for debit & credit by filling up the revised Annexure P (Application for Freezing/Unfreezing of an Account and/or ISIN and /or specific number of securities).

(Ref: Circular No. NSDL/POLICY/2011/0055 dated July 6, 2011, which is posted on NSDL website www.nsdl.co.in.)

Revised procedure for opening depository account for unclaimed shares of listed companies

Following is the revised procedure for opening depository accounts for unclaimed shares of listed companies as per SEBI Circular No. CIR/CFD/DIL/10/2010 dated December 16, 2010.

• The depository account may be opened in the name as “<Name of Issuer> – Unclaimed Suspense Account” under the type “Body Corporate” and sub-type “Others” by the Issuer.
• The Issuer shall submit a declaration on its letterhead, signed by the authorized signatories, stating that: “We hereby undertake that we will ensure compliance with the provisions of the applicable SEBI guidelines for dealing with unclaimed shares. We further undertake that the said depository account will only be used for specified purposes”.
• Procedure mentioned in point no. (II)(1) of NSDL Master Circular No. NSDL/POLICY/2009/0029 dated April 16, 2009 about opening of depository account in case of body corporate should be followed.

(Ref: Circular No. NSDL/POLICY/2011/0056 dated July 8, 2011, which is posted on NSDL website www.nsdl.co.in.)

Changes in Client Details based on request received from Client through email or website of Participants

Clients can now avail the facility of adding, modifying or deleting the details of their depository accounts viz; Phone number, Fax number, Mobile number, Email ID and SMS facility by sending a letter or email to the Participant or through website of the Participant.

(Ref: Circular No. NSDL/POLICY/2011/0057 dated July 16, 2011)

Amendment to the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996

SEBI vide notification dated July 5, 2011 has amended SEBI (Depositories and Participants) Regulations, 1996 which inter-alia provides that Participants will have to apply for permanent registration instead of renewal of registration. Such application for permanent registration must be made three months before the expiry of validity of registration certificate, or even before.

(Ref: Circular No. NSDL/POLICY/2011/0059 dated July 20, 2011, which is posted on NSDL website www.nsdl.co.in.)

NCDO training / certification programmes for Participants

NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel for depository operations. In July 2011, such programmes were conducted in Chennai and Mumbai. In all, 101 persons attended the training programmes conducted at these locations.

One Participant became operational in NSDL during July 2011

In July 2011, following Participant became operational in NSDL.

The above additions take the total number of operational Participants to 296 and the total number of DPM set-ups to 370.