Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Shift from Trade for Trade Settlement allowed where dual depository connectivity and required dematerialisation certificate are in place. Shift from Trade for Trade Settlement to Normal Rolling Settlement is permitted where listed companies have connectivity with both depositories and at least fifty percent of non promoter holdings are dematerialised, certified by the Registrar and Transfer Agent or, if no separate RTA exists, by a practising Company Secretary or Chartered Accountant; exchanges must ensure no other grounds for TFTS continuation and report actions in their development reports.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Shift from Trade for Trade Settlement allowed where dual depository connectivity and required dematerialisation certificate are in place.
Shift from Trade for Trade Settlement to Normal Rolling Settlement is permitted where listed companies have connectivity with both depositories and at least fifty percent of non promoter holdings are dematerialised, certified by the Registrar and Transfer Agent or, if no separate RTA exists, by a practising Company Secretary or Chartered Accountant; exchanges must ensure no other grounds for TFTS continuation and report actions in their development reports.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.