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: trading may move from trade-for-trade to rolling settlement once demat threshold and other conditions satisfied. Companies with connectivity to both depositories may be shifted from the Trade for Trade Segment to rolling settlement if at least 50% of non promoter holdings are dematerialized (certified by the RTA or, if no RTA, by a practicing company secretary/chartered accountant) and there are no other grounds to continue trading in the Trade for Trade Segment; stock exchanges must report actions taken in their 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: trading may move from trade-for-trade to rolling settlement once demat threshold and other conditions satisfied.
Companies with connectivity to both depositories may be shifted from the Trade for Trade Segment to rolling settlement if at least 50% of non promoter holdings are dematerialized (certified by the RTA or, if no RTA, by a practicing company secretary/chartered accountant) and there are no other grounds to continue trading in the Trade for Trade Segment; stock exchanges must report actions taken in their Monthly/Quarterly Development Report (Section II, item 13).
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