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NSDL News

BOI Shareholding Ltd. (BOISL), the clearing house of BSE, has announced commencement of automatic generation of delivery-out instructions for rolling settlements with effect from Rolling Settlement No.0102048, pay-in for which is scheduled on June 11, 2001. To begin with, this facility will be available only for rolling and not for auction rolling. The automatic delivery-out instructions will be generated for only those clearing members (brokers) who have submitted the authority letters to BOISL. .

New facility of transposition-cum-demat

NSDL has recently amended its Bye Laws and Business Rules to enable investors to transpose names of the joint holders alongwith the process of dematerialisation through their DPs. Prior to this amendment, investors having shares in joint names (Mr. A & Mr. B), but in different sequence (Mr. B & Mr. A) were either required to open multiple accounts for each sequence (Mr. A & Mr. B and Mr. B & Mr. A) or to effect the transposition directly with the Issuer/R&T Agent and then dematerialise their securities through their DPs.

In case of transposition-cum-dematerialisation, the Client can get the securities dematerialised in the same account if the names appearing on the certificates match with the names in which the account has been opened but are in a different order, by submitting the security certificates along with the Transposition Form and the Dematerialisation Request Form (DRF) to the DP. .

Clearing Members to avail of corporate benefits

NSDL has recently amended its Bye Laws and Business Rules to enable Clearing Members, Clearing Corporations & Stock Lending Intermediaries to avail of corporate benefits for further distribution to beneficial owners. This will be applicable in respect of record dates falling on or after May 7, 2001 (book closure May 8, 2001). The corporate benefits availed by Clearing Members, Clearing Corporations & Stock Lending Intermediaries shall be held in trust on behalf of the beneficial owners. However, Clearing Members/ Clearing Corporations / Stock Lending Intermediaries are not entitled to voting rights or to receive rights offers with respect to the shares held in Pool Accounts..

NSDL Delhi office shifts to new premises

NSDL's Delhi branch has shifted its office to a new premises from May 14, 2001.

The address of the new premises is:

National Securities Depository Limited
409/410, Ashoka Estate Building
4th floor, Barakhamba Road
Connaught Place New Delhi-110 001.
Tel: (011) - 335 3815, 335 3817
Fax: (011) - 335 3756
Email: kapilk@now-india.com