Compulsory dematerialisation: three subsidiary bank scrips to be traded and settled only in dematerialised form. Regulatory amendment requires compulsory dematerialized trading and settlement of three previously exempted subsidiary bank scrips; the banks must establish connectivity with both depositories within a specified short period and meet other prescribed norms before a separate intimation fixes the effective date for compulsory demat trading and settlement.
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Provisions expressly mentioned in the judgment/order text.
Compulsory dematerialisation: three subsidiary bank scrips to be traded and settled only in dematerialised form.
Regulatory amendment requires compulsory dematerialized trading and settlement of three previously exempted subsidiary bank scrips; the banks must establish connectivity with both depositories within a specified short period and meet other prescribed norms before a separate intimation fixes the effective date for compulsory demat trading and settlement.
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