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The depository operations of IFCI Limited have been transferred to IFCI Financial Services Limited. Securities and Exchange Board of India (SEBI) has approved the same and granted certificate of registration as a Participant to IFCI Financial Services Limited. The DP Id of IFCI Financial Services Limited is IN301364.

Transfer of Depository Operations from IFCI Limited to IFCI Financial Services Limited.

The depository operations of IFCI Limited have been transferred to IFCI Financial Services Limited. Securities and Exchange Board of India (SEBI) has approved the same and granted certificate of registration as a Participant to IFCI Financial Services Limited. The DP Id of IFCI Financial Services Limited is IN301364.

NSDL reduced its custody fee to Rs.4/- per ISIN position per annum (Re.1 per ISIN position per quarter) as against Rs.6/- per ISIN position per annum. This reduction came into effect from April 1, 2004.

SEBI vide its letter no. MRD/VSS/SU/5916/2004 dated March 23, 2004 has advised NSDL to intimate its DPs to pass on the benefits of the above reduction by NSDL in custody fee, to the beneficial owners.

Accordingly, NSDL has advised its DPs to ensure compliance of the above vide circular no. NSDL/PI/2004/0575 dated March 31, 2004.

SEBI vide its circular no. MAPIN / Cir - 17 / 2004 March 31, 2004 has extended the deadline for obtaining unique identification number by market intermediaries to June 30, 2004.

Earlier, SEBI registered intermediaries and their related persons were required to obtain MAPIN unique identification number before March 31, 2004.