Dematerialization requirement: securities of recognised exchanges and clearing corporations must be held electronically under listing rules. Requirement that securities of a recognised stock exchange and a recognised clearing corporation be maintained in dematerialised form, imposing an electronic-holding mandate under the listing framework and requiring market participants and infrastructure entities to preserve, transfer and record such securities through dematerialised systems rather than physical certificates.
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Provisions expressly mentioned in the judgment/order text.
Dematerialization requirement: securities of recognised exchanges and clearing corporations must be held electronically under listing rules.
Requirement that securities of a recognised stock exchange and a recognised clearing corporation be maintained in dematerialised form, imposing an electronic-holding mandate under the listing framework and requiring market participants and infrastructure entities to preserve, transfer and record such securities through dematerialised systems rather than physical certificates.
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