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 when majority non-promoter holdings are dematerialised. Companies with connectivity to both depositories may be shifted from Trade-for-Trade Segment to Rolling Settlement provided at least half of non promoter holdings are in dematerialised form, certified by the company's RTA or, if no RTA exists, by a practicing Company Secretary or Chartered Accountant; exchanges must also ensure no other grounds for continuation of TFTS exist and report actions in the Monthly/Quarterly Development Report (Section II, item 13).
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 when majority non-promoter holdings are dematerialised.
Companies with connectivity to both depositories may be shifted from Trade-for-Trade Segment to Rolling Settlement provided at least half of non promoter holdings are in dematerialised form, certified by the company's RTA or, if no RTA exists, by a practicing Company Secretary or Chartered Accountant; exchanges must also ensure no other grounds for continuation of TFTS exist and report actions in the Monthly/Quarterly Development Report (Section II, item 13).
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