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of <h1>SEBI Sets Criteria for Companies to Move from Trade for Trade to Normal Settlement; Demat Holding Key.</h1> The circular issued by SEBI addresses the eligibility criteria for companies to shift from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement. It states that 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 certificate from the company's Registrar and Transfer Agent or a practicing company secretary/chartered accountant. Additionally, there should be no other reasons to continue trading under TFTS. Stock exchanges must report their actions to SEBI in their development reports.
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