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 requirement for shifting from trade-for-trade to rolling settlement; exchanges obtain RTA certificate and ensure no grounds for TFTS continuation. Shifting securities from Trade for Trade Settlement to Rolling Settlement is permitted for companies with connectivity to both depositories provided at least half of non promoter holdings are in dematerialized form verified by an RTA certificate (or by a practicing Company Secretary/Chartered Accountant if no RTA exists), and provided there are no other grounds for continued TFTS; stock exchanges must report action taken to SEBI in their 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 requirement for shifting from trade-for-trade to rolling settlement; exchanges obtain RTA certificate and ensure no grounds for TFTS continuation.
Shifting securities from Trade for Trade Settlement to Rolling Settlement is permitted for companies with connectivity to both depositories provided at least half of non promoter holdings are in dematerialized form verified by an RTA certificate (or by a practicing Company Secretary/Chartered Accountant if no RTA exists), and provided there are no other grounds for continued TFTS; stock exchanges must report action taken to SEBI in their development reports.
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