NATIONAL SECURITIES CLEARING CORPORATION LIMITED

LEGAL & SECRETARIAL DEPARTMENT

CIRCULAR

Circular No.: NSCCL/LEGAL/16642 December 28, 2010

To

All the Clearing Members in the Capital Market segment

Sub.: Amendment to NSCCL (Capital Market) Regulations

The provisions contained in the NSCCL (Capital Market) Regulations are amended through insertion of the following clause as sub-clause 4 in Regulation 21.5 in Chapter 21:-

QUOTE

21.5.4 Each CM Clearing Member shall get the complete internal audit done on a half yearly basis by an independent qualified Chartered Accountant, Company Secretary or Cost and Management Accountant, who is in practice and does not have any conflict of interest and submit the report within such time and in such format as may be prescribed by the Clearing Corporation from time to time.

UNQUOTE

For National Securities Clearing Corporation Limited

R. Jayakumar

Asst. Company Secretary

Note: For clarification the signatory may be contacted on 022-2659 8222