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Punjab Wireless Systems Limited (PWSL) has been ordered to be wound up by the Hon'ble High Court of Punjab & Haryana under section 433 of the Companies Act, 1956. The Official Liquidator attached to the Hon'ble High Court of Punjab & Haryana has been appointed as liquidator of the company. As on October 17 2002, 2512 dematerialisation requests were pending disposal. Of these, 2506 were pending for a period ranging from 40 to 1328 days. This has been communicated to the DPs vide NSDL Circular No. NSDL/PI/2002/1791 dated October 17, 2002

Unit Trust of India (UTI), vide its letter no. UT/DOO/140/160/2002-2003 dated October 7, 2002, has intimated to NSDL about splitting of Unit Scheme 64 (US64) into two, one comprising the units which would be NAV driven and the other comprising these units for which the Special Package Repurchase would be applicable. The special package for repurchase is applicable only for units outstanding as on June 30, 2001. Therefore, the units held by the investors would be split as under:

Those whose units are outstanding as on June 30, 2001.

• Those who have been allotted units with effect from July 1, 2001/units purchased in the secondary market/acquired/transferred on or after July 1, 2001.
• The second category will be shifted to a new scheme US2002. Further, UTI vide its letter no. UT/469/OPR-13/2002-2003 dated October 11, 2002 has also intimated to NSDL about the book closure of Unit Scheme 64 from November 2, 2002 to November 14, 2002. This has been communicated to the DPs vide NSDL Circular No. NSDL/PI/2002/1854 dated October 25, 2002

NSE has announced the dates and locations for conducting NCFM test, at places where NSE office is not located. The schedule has been announced for the period upto December 2002. The tests will be conducted at following centers:

Keeping in view representations received and recommendations made by Working Group on Dematerialisation, SEBI vide its circular D&CC/FITTC/CIR-12/2002 dated October 30, 2002 has notified that, no account closure charges be imposed on the closure of any Beneficial Owner accounts. However, the transaction charges as applicable may continue to be charged. These instructions will come into force with effect from November 1, 2002.

NSDL vide its Circular No. NSDL/PI/2002/1132 dated July 13, 2002 had amended the Annexure L of the Business Rules of NSDL pertaining to Delivery instructions by Clients. DPs were also advised that Annexure L in the old format would also be valid and DPs should continue to accept the same from the Clients. However, whenever DPs reprint Annexure L, the same should be in the amended format. As many DPs have requested NSDL to allow them to use the old format of Annexure L as well, NSDL vide its Circular No. NSDL/PI/2002/1885 dated October 30, 2002 has notified that DPs can use either the old format or the new format of Annexure L.