Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

Dematerialisation eligibility enables shift from trade for trade to rolling settlement if demat threshold and no continuation grounds met.

Securities of companies with connectivity to both depositories may be shifted from Trade for Trade Settlement to Rolling Settlement if at least half of non promoter holdings are in dematerialised form, evidenced by a certificate from the Registrar and Transfer Agent or, where no separate RTA exists, from a practicing company secretary or chartered accountant, and provided there are no other grounds for continuation of Trade for Trade Settlement; exchanges must report actions taken in development reports.