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 enables shift from trade for trade to rolling settlement upon certified demat status and no other grounds. Exchanges may shift specified securities from Trade for Trade Settlement to Rolling Settlement only if at least half of non promoter holdings are dematerialised and the issuer furnishes a certificate from its Registrar and Transfer Agent (or, if no RTA, from a practicing Company Secretary/Chartered Accountant), and provided there are no other grounds for continuation of Trade for Trade Settlement; exchanges must report actions taken in the Monthly/Quarterly Development Report.
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 enables shift from trade for trade to rolling settlement upon certified demat status and no other grounds.
Exchanges may shift specified securities from Trade for Trade Settlement to Rolling Settlement only if at least half of non promoter holdings are dematerialised and the issuer furnishes a certificate from its Registrar and Transfer Agent (or, if no RTA, from a practicing Company Secretary/Chartered Accountant), and provided there are no other grounds for continuation of Trade for Trade Settlement; exchanges must report actions taken in the Monthly/Quarterly Development Report.
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