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<h1>SEBI Updates Eligibility Criteria for Companies Transitioning from Trade for Trade to Rolling Settlement.</h1> The circular from SEBI addresses the eligibility of certain companies to shift from Trade for Trade Settlement (TFTS) to a normal Rolling Settlement. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL. To shift, 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. Stock exchanges must ensure no other reasons exist for maintaining TFTS and report actions to SEBI in their Monthly/Quarterly Development Report.