Circular of the Department of Economic Affairs dated 12th February, 2010 on section 4 of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005 [C10-HEV]

F. No. 33/51/2010-DEPA

Government of India

Ministry of Finance

Department of Economic Affairs

New Delhi, dated the 12th February, 2010

To

All adjudicatings officer and Centrals Government

Subject: Section 4 of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005 (14 of 2005), the listing of securities, regarding.

1. References have been received in the Department of Economic Affairs seeking clarification on the manner in which section 4 of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005 (14 of 2005) (hereinafter referred to as the Act) is to be applied to listeds company who undertake the listing of securities at more than one place.

2. The matter has been examined. Section 4 of the Act requires every listed company to make an application to the Board within the period stated in that section.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the listing of securities is undertaken, and the Board shall process each application in accordance with section 4 of the Act and the rules made thereunder.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Department of Economic Affairs.

(Under Secretary to the Government of India)