Dematerialisation requirement: dematerialised non promoter holdings and certification enable shift to rolling settlement, subject to no other continuation grounds. 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 dematerialised certified by the RTA or, absent an RTA, by a practicing Company Secretary/Chartered Accountant, and if there are no other grounds for continuation of Trade for Trade trading; stock exchanges must report actions in the Monthly/Quarterly Development Report.
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: dematerialised non promoter holdings and certification enable shift to rolling settlement, subject to no other continuation grounds.
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 dematerialised certified by the RTA or, absent an RTA, by a practicing Company Secretary/Chartered Accountant, and if there are no other grounds for continuation of Trade for Trade trading; stock exchanges must report actions in the Monthly/Quarterly Development Report.
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