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Following entity has been made operational as Participant in NSDL during November 2008:

The above addition takes the total number of operational Participants to 266 and the total number of DPM set-ups to 345.

National Spot Exchange Limited (NSEL) has been made operational in the capacity of a Clearing House for settlement of trades pertaining to Warehouse Receipts for commodities. The ID allotted to NSEL is IN001125.

Consequent to the demerger of Infrastructure Leasing & Financial Services Limited (IL&FS) (DP ID IN300095 & IN302871), Securities and Exchange Board of India has granted certificate of registration to IL&FS Securities Services Limited (ISSL). Accordingly, the name of IL&FS has been changed to ISSL.

SEBI has vide its circular no. MRD/DoP/SE/Cir- 31/2008 dated October 31, 2008 informed the revised framework for SLB. This has been informed to Participants vide Circular No. NSDL/POLICY/2008/0078 dated November 5, 2008 which is posted on NSDL website www.nsdl.co.in.

Pilot project for dematerialisation of NSC and KVP in dematerialised form has been discontinued by Department of Posts (DoP). Therefore, no fresh NSC/KVP will be issued in demat form by DoP. Those investors who hold the NSC/KVP in a dematerialised form in their accounts, may continue to hold the same till its maturity or pre-mature encashment, as may be applicable. NSDL has requested its Participants to inform their clients suitably.

This has been informed to Participants vide Circular No. NSDL/POLICY/2008/0081 dated November 10, 2008.

NSDL had advised its Participants about closure of beneficiary accounts that are frozen due to non compliance with PAN requirements and having no security balances by November 15, 2008.

In light of the representation received from Participants, the deadline for closure of such aforesaid accounts has been extended till November 29, 2008.

This has been informed to Participants vide Circular No. NSDL/POLICY/2008/0082 dated November 18, 2008.

NSDL conducts NCFM (NSE's Certification in Financial Markets - NSDL-Depository Operations Module) oriented training programmes for Participants to facilitate them to appear for the NCFM examination. In November 2008, such programmes were conducted in Ahmedabad, Mumbai, Chennai, Delhi, Pune, Bhopal, Vijaywada, Kolkata, Chandigarh, Jaipur and Kochi which were attended by 468 persons.

Accord Capital Markets Limited (ACML) (DP ID IN302523), a Participant of NSDL has informed NSDL that it intends to close down its depository operations.

Clients of ACML are requested to get their securities transferred to the account opened with any other Participant or get them rematerialized.

NSDL has informed all its Participants that pursuant to the closure of Participant operations by Tata TD Waterhouse Securities Private Limited, its DP ID IN302791 has been deleted from the Depository System.

This has been informed to Participants vide Circular No. NSDL/PI/2008/2509 dated December 2, 2008.