Dematerialisation requirement enables shift from Trade-for-Trade to rolling settlement upon prescribed non promoter dematerialisation and certification. Establishment of connectivity with both depositories permits shifting securities from the Trade for Trade Segment to rolling settlement provided prescribed levels of non promoter holdings are held in dematerialised form and certified by the Registrar and Transfer Agent or, if no separate RTA exists, by a practising Company Secretary or Chartered Accountant; shifting must not occur where other grounds justify continuation in Trade for Trade. Stock exchanges must report actions taken 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 shift from Trade-for-Trade to rolling settlement upon prescribed non promoter dematerialisation and certification.
Establishment of connectivity with both depositories permits shifting securities from the Trade for Trade Segment to rolling settlement provided prescribed levels of non promoter holdings are held in dematerialised form and certified by the Registrar and Transfer Agent or, if no separate RTA exists, by a practising Company Secretary or Chartered Accountant; shifting must not occur where other grounds justify continuation in Trade for Trade. Stock exchanges must report actions taken in the Monthly/Quarterly Development Report (Section II, item no. 13).
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