Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Segment (TFTS) to Rolling Segment
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Dematerialisation requirement enables shift from trade-for-trade to rolling settlement upon meeting demat holdings and certification conditions. Shift from the Trade-for-Trade Segment to rolling settlement is allowed for companies with connectivity to both depositories if at least half of other-than-promoter holdings are dematerialised, certified by the RTA or, if no RTA exists, by a practising Company Secretary or Chartered Accountant; exchanges must ensure no other grounds to continue TFT trading and report actions in their 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 meeting demat holdings and certification conditions.
Shift from the Trade-for-Trade Segment to rolling settlement is allowed for companies with connectivity to both depositories if at least half of other-than-promoter holdings are dematerialised, certified by the RTA or, if no RTA exists, by a practising Company Secretary or Chartered Accountant; exchanges must ensure no other grounds to continue TFT trading and report actions in their Monthly/Quarterly Development Report.
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