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<h1>SEBI Circular: Criteria for Companies Shifting from Trade for Trade to Normal Rolling Settlement Explained.</h1> The circular issued by SEBI on April 15, 2014, addresses the eligibility of certain companies to shift from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL depositories. For a shift to occur, at least 50% of non-promoter holdings must be in dematerialized form, verified by a Registrar and Transfer Agent or a practicing professional. Additionally, there should be no other reasons to continue trading in TFTS. Stock exchanges must report actions taken to SEBI in their Monthly/Quarterly Development Reports.