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<h1>SEBI Circular: Criteria for Companies Shifting from Trade for Trade to Normal Rolling Settlement Explained.</h1> The circular issued by SEBI addresses the eligibility 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 depositories, NSDL and CDSL, as of June 2009. Stock exchanges may consider this shift 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 trading under TFTS. Stock exchanges are required to report their actions to SEBI in their development reports.