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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Shift from Trade for Trade Settlement to Rolling Settlement when dematerialisation threshold for non promoter holdings is certified and no other grounds exist. Shift from Trade for Trade Settlement to normal Rolling Settlement is permitted for companies with connectivity to both depositories, provided a dematerialisation threshold for other than promoter holdings is met and certified by the Registrar and Transfer Agent or, where no RTA exists, by a practicing Company Secretary or Chartered Accountant, and provided there are no other grounds for continuation of TFTS; stock exchanges must 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.
Shift from Trade for Trade Settlement to Rolling Settlement when dematerialisation threshold for non promoter holdings is certified and no other grounds exist.
Shift from Trade for Trade Settlement to normal Rolling Settlement is permitted for companies with connectivity to both depositories, provided a dematerialisation threshold for other than promoter holdings is met and certified by the Registrar and Transfer Agent or, where no RTA exists, by a practicing Company Secretary or Chartered Accountant, and provided there are no other grounds for continuation of TFTS; stock exchanges must report actions in their Monthly/Quarterly Development Reports.
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