Dematerialisation requirement enables shifting securities to rolling settlement subject to certification and absence of other continuation grounds. Permits shifting securities from the Trade for Trade Segment to Rolling Settlement after a company connects to both depositories, provided at least half of non-promoter holdings are dematerialised and certified by the Registrar and Transfer Agent (or by a practicing Company Secretary/Chartered Accountant if no RTA exists), and provided there are no other grounds for continuation in the Trade for Trade Segment; stock exchanges must report actions taken to the regulator.
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 to rolling settlement subject to certification and absence of other continuation grounds.
Permits shifting securities from the Trade for Trade Segment to Rolling Settlement after a company connects to both depositories, provided at least half of non-promoter holdings are dematerialised and certified by the Registrar and Transfer Agent (or by a practicing Company Secretary/Chartered Accountant if no RTA exists), and provided there are no other grounds for continuation in the Trade for Trade Segment; stock exchanges must report actions taken to the regulator.
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