Dematerialisation requirement enables shifting from trade-for-trade to rolling settlement upon certified dematerialisation of prescribed holdings. Companies with connectivity to both depositories may be shifted from Trade-for-Trade to Rolling Settlement provided a prescribed proportion of non-promoter holdings are dematerialised and certified by the RTA or, if none, by a practicing company secretary/chartered accountant, and provided there are no other grounds for continuation in Trade-for-Trade; stock exchanges must report actions taken in their development reports.
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 from trade-for-trade to rolling settlement upon certified dematerialisation of prescribed holdings.
Companies with connectivity to both depositories may be shifted from Trade-for-Trade to Rolling Settlement provided a prescribed proportion of non-promoter holdings are dematerialised and certified by the RTA or, if none, by a practicing company secretary/chartered accountant, and provided there are no other grounds for continuation in Trade-for-Trade; stock exchanges must report actions taken in their development reports.
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