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of <h1>SEBI Allows Shifting from Trade for Trade to Rolling Segment if 50% Non-Promoter Holdings are Dematerialized.</h1> The circular from SEBI addresses the eligibility of companies for shifting from the Trade for Trade Segment (TFTS) to the Rolling Segment. Companies listed in Annexure 'A' have established connectivity with both NSDL and CDSL in January 2008. Stock exchanges can consider moving these securities to rolling settlement if at least 50% of non-promoter holdings are in dematerialized form, verified by a certificate from the company's Registrar and Transfer Agent or a practicing professional. There should be no other reasons for maintaining TFTS trading. Exchanges must report their actions to SEBI in their Monthly/Quarterly Development Report.
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