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<h1>SEBI Circular: Criteria for Companies Moving from Trade for Trade to Normal Rolling Settlement Explained.</h1> The circular from SEBI addresses the eligibility of certain companies for transitioning from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL depositories. To qualify for the shift, at least 50% of non-promoter holdings must be in dematerialized form, verified by a Registrar and Transfer Agent or a certified professional if no RTA exists. Additionally, there should be no other reasons to maintain TFTS. Stock exchanges are required to report their actions regarding this transition in their Monthly/Quarterly Development Reports to SEBI.