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The following DPs have subscribed to the IDeAS facility of NSDL in the month of October 2004:

• India Infoline Securities Private Ltd.
• Lohia Securities Ltd.
• The Saraswat Co-operative Bank Ltd.

This takes the total number of DPs who have subscribed to IDeAS to 67.

NSDL had vide Circular No. NSDL/PI/2003/0406 dated March 07, 2003 intimated to DPs the time schedule prescribed by Securities and Exchange Board of India (SEBI) for implementation of T+2 rolling settlements, beginning from April 1, 2003. DPs have been requesting NSDL to clarify deadline time for executing non-pay in related instructions.

In this regard, SEBI has clarified that DPs can decide their own time frame for submission of such instructions by their Clients (i.e. one or two days before the execution date). However, DPs should execute the instruction not later than one day from the date of submission of instruction by the Client.

Further, if the date of submission and the execution date are same, DPs may execute such instructions on the same day on a "best effort basis". For example:

DPs have been advised to communicate this information to their Clients through regular communications / newsletters as well as put up this information on the notice board for information of all their Clients.

This has been intimated to the DPs vide Circular No. NSDL/PI/2004/1911 dated October 21, 2004.

Alpic Finance Limited (AFL) (ISIN INE429A01013) has intimated to NSDL that it has been ordered to be wound up by an order dated August 2, 2002 of the Mumbai High Court in Company Petition No. 853 of 2000. AFL has stopped accepting dematerialisation requests and would entertain such requests only after getting further instructions from the Liquidator. DPs have been advised vide Circular No. NSDL/PI/2004/1830 dated October 06, 2004 to take note of the above and inform the Clients suitably while accepting dematerialisation requests pertaining to shares of AFL.