Dematerialisation requirement: securities shift to rolling settlement where majority non promoter holdings are dematerialised and no other grounds persist. Securities with connectivity to both depositories may be shifted from Trade for Trade Segment to rolling settlement provided a majority of non promoter holdings are in dematerialised form, supported by a certificate from the Registrar and Transfer Agent or, if no separate RTA exists, from a practising company secretary or chartered accountant, and provided there are no other grounds for continuation in the Trade for Trade Segment.
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: securities shift to rolling settlement where majority non promoter holdings are dematerialised and no other grounds persist.
Securities with connectivity to both depositories may be shifted from Trade for Trade Segment to rolling settlement provided a majority of non promoter holdings are in dematerialised form, supported by a certificate from the Registrar and Transfer Agent or, if no separate RTA exists, from a practising company secretary or chartered accountant, and provided there are no other grounds for continuation in the Trade for Trade Segment.
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