Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →


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<h1>SEBI Circular: Companies Must Meet Demat Criteria to Shift from TFTS to Rolling Settlement; Requires 50% Non-Promoter Holdings.</h1> The circular issued by SEBI addresses the eligibility of certain companies to transition from Trade for Trade Settlement (TFTS) to normal Rolling Settlement. Companies listed in the annexure have established connectivity with both NSDL and CDSL. To shift to normal Rolling Settlement, at least 50% of non-promoter holdings must be in dematerialized form, verified by a certificate from a Registrar and Transfer Agent or a practicing company secretary/chartered accountant. There should be no other reasons to remain in TFTS. Stock exchanges are required to report their actions to SEBI in their development reports.