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 shifting securities from Trade-for-Trade to rolling settlement when non-promoter holdings are dematerialised. Where a listed company has connectivity with both depositories, exchanges may shift its securities from Trade-for-Trade to rolling settlement if at least 50% of non-promoter holdings are dematerialised and certified by the RTA (or by a practising company secretary/chartered accountant if no RTA exists), and provided there are no other grounds to continue TFTS; exchanges must report such action in the Monthly/Quarterly Development Report (Section II, item no. 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 shifting securities from Trade-for-Trade to rolling settlement when non-promoter holdings are dematerialised.
Where a listed company has connectivity with both depositories, exchanges may shift its securities from Trade-for-Trade to rolling settlement if at least 50% of non-promoter holdings are dematerialised and certified by the RTA (or by a practising company secretary/chartered accountant if no RTA exists), and provided there are no other grounds to continue TFTS; exchanges must report such action in the Monthly/Quarterly Development Report (Section II, item no. 13).
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