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of <h1>SEBI Sets Criteria for Shifting Companies from Trade for Trade to Normal Settlement; Requires 50% Demat Non-Promoter Holdings.</h1> The circular issued by SEBI outlines criteria for companies to shift from Trade for Trade Settlement (TFTS) to normal Rolling Settlement. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL. Stock exchanges may transition these companies to normal settlement if at least 50% of non-promoter holdings are in dematerialized form, verified by a Registrar and Transfer Agent or a certified professional. Additionally, there should be no other reasons to continue TFTS. Stock exchanges must report their actions regarding this transition in their Monthly/Quarterly Development Report to SEBI.
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