The Hindu Business Line : CSE to recast official index

THE Calcutta Stock Exchange has decided to retain only the CSE-40 as the official CSE Index and discontinue the CSE-50. The official index has also been restructured to accommodate certain recent changes.

Glaxo Smithkline, ICICI Bank, Wipro and Zee Telefilm will now be included in the basket of stocks that make up the official index. These will replace the entries that have become invalid because of corporate action such as reverse mergers.

In another development, CSE has informed members that they should follow the schedule worked out by the SEBI for obtaining unique identification numbers. As per the SEBI (Central Database of Market Participants) Regulations 2003, it has been made mandatory for intermediaries to obtain IDs for themselves, directors and associates. The deadline set by the regulator is March 31, 2004.

It may be mentioned here that the regulator has engaged NSDL as the service provider to create and maintain a database for this purpose. NSDL has lined up five `points of service' for receiving applications and issuing the IDs. The `five points of service' are to set up camp offices across the country to facilitate the exercise.

CSE, in a notice issued today, further advised members to submit their audit reports in line with Rule 12 of the Securities Contracts (Regulation) Rule 1957, as well as copies of their financial statements.