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<h1>SEBI Circular: Companies Must Have 50% Non-Promoter Holdings in Demat Form to Shift from TFTS to Rolling Settlement.</h1> The circular issued by SEBI addresses the eligibility criteria for companies to transition from Trade for Trade Settlement (TFTS) to normal Rolling Settlement. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL depositories. Stock exchanges may shift trading for these companies to normal Rolling Settlement if at least 50% of non-promoter holdings are in dematerialized form, verified by a certificate from the company's Registrar and Transfer Agent or a practicing company secretary/chartered accountant. Exchanges must report actions taken to SEBI in their Monthly/Quarterly Development Report.