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 to normal rolling settlement when non promoter holdings exceed requirement and no other grounds remain. SEBI instructs stock exchanges to consider shifting securities from Trade for Trade Settlement to normal Rolling Settlement where companies have connectivity with both depositories, provided at least 50% of other than promoter holdings are dematerialised evidenced by an RTA certificate (or certificate from a practising company secretary/chartered accountant if no RTA), and no other grounds exist for continuing TFTS; exchanges must report actions to SEBI in 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 to normal rolling settlement when non promoter holdings exceed requirement and no other grounds remain.
SEBI instructs stock exchanges to consider shifting securities from Trade for Trade Settlement to normal Rolling Settlement where companies have connectivity with both depositories, provided at least 50% of other than promoter holdings are dematerialised evidenced by an RTA certificate (or certificate from a practising company secretary/chartered accountant if no RTA), and no other grounds exist for continuing TFTS; exchanges must report actions to SEBI in Monthly/Quarterly Development Reports.
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