No.5/9/99-CL.V
GOVERNMENT OF INDIA
MINISTRY OF LAW, JUSTICE & COMPANY
AFFAIRS
DEPARTMENT OF COMPANY AFFFAIRS
5th Floor, ‘A’ Wing, Shastri
Bhawan,
New Delhi – 110 001.
Dated 1st March, 2002.
To
All Chambers of Commerce &
Industry
(As per standard list)
Subject:-
Use of Information Technology in cash transaction of listed companies
for payment of dividends.
-----
Sir,
In continuation of this Department’s General Circular
No.5/99 dated 13.5.1999 on the above cited subject, I am directed to say that
Reserve Bank of India has sent us the following list of Centres where
Electronic Clearing Service (Credit
Clearing) is available at present with Reserve Bank of India and State Bank of
India:-
Reserve Bank of India
|
1. Ahmedabad |
6. Chennai |
11. Mumbai |
|
2. Bangalore |
7. Guwahati |
12. Nagpur |
|
3. Bhubaneswar |
8. Hyderabad |
13. New Delhi |
|
4. Kolkata |
9. Jaipur |
14. Patna |
|
5. Chandigarh |
10. Kanpur |
15. Thiruvanathapuram |
State Bank of India
|
1. Agra |
11. Ghaziabad |
21. Pune |
|
2. Allahabad |
12. Hubli |
22. Rajkot |
|
3. Amritsar |
13. Jamshedpur |
23. Shimla |
|
4. Baroda |
14. Kolhapur |
24. Siliguri |
|
5. Bhopal |
15. Lucknow |
25. Surat |
|
6. Cochin |
16. Ludhiana |
26. Trichy |
|
7. Coimbatore |
17. Madurai |
27. Trichur |
|
8. Dehradun |
18. Mangalore |
28. Vijayawada |
|
9. Durgapur |
19. Nashik |
29. Visakapatnam |
|
10. Faridabad |
20. Panaji |
30. Varanasi |
2. You are, therefore, requested that the above
list of Centres where Electronic Clearing Service (Credit Clearing) is available may be brought to the notice of
your constituent listed companies to encourage their shareholders to send them
authorisation to remit dividend to their designated bank accounts by means of
electronic transfer as this will result in avoiding delay in remittance of
dividends etc.
3. An immediate action in this regard may
please be initiated by you in the interest of investors.
Yours faithfully,
( Thakur Sharan )
Under Secretary to the
Govt. of India