Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement
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Dematerialisation threshold enables shift from Trade For Trade to Normal Rolling Settlement upon required demat certification. Companies with connectivity to both depositories may be shifted from Trade for Trade Settlement to Normal Rolling Settlement provided at least 50% of other-than-promoter holdings are dematerialised and a certificate from the Registrar and Transfer Agent (or a practising Company Secretary/Chartered Accountant where no separate RTA exists) is submitted; exchanges must ensure no other grounds for continued TFTS exist and report actions in their Monthly/Quarterly 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.
Dematerialisation threshold enables shift from Trade For Trade to Normal Rolling Settlement upon required demat certification.
Companies with connectivity to both depositories may be shifted from Trade for Trade Settlement to Normal Rolling Settlement provided at least 50% of other-than-promoter holdings are dematerialised and a certificate from the Registrar and Transfer Agent (or a practising Company Secretary/Chartered Accountant where no separate RTA exists) is submitted; exchanges must ensure no other grounds for continued TFTS exist and report actions in their Monthly/Quarterly Development Reports.
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