Dematerialisation requirement for non-promoter holdings enables transfer from trade-for-trade to rolling settlement upon certification and reporting to regulator. SEBI permits shifting securities with connectivity to both depositories from Trade-for-Trade to rolling settlement only after dematerialisation of non-promoter holdings is certified by the Registrar and Transfer Agent or, if none, by a practicing Company Secretary or Chartered Accountant, and where no other grounds exist for continuing trade-for-trade. Exchanges must report actions taken in the Monthly/Quarterly Development Report (Section II, item 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 for non-promoter holdings enables transfer from trade-for-trade to rolling settlement upon certification and reporting to regulator.
SEBI permits shifting securities with connectivity to both depositories from Trade-for-Trade to rolling settlement only after dematerialisation of non-promoter holdings is certified by the Registrar and Transfer Agent or, if none, by a practicing Company Secretary or Chartered Accountant, and where no other grounds exist for continuing trade-for-trade. Exchanges must report actions taken in the Monthly/Quarterly Development Report (Section II, item 13).
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