Dematerialisation requirement for non promoter holdings must be met before shifting securities from trade for trade to rolling settlement. SEBI directed exchanges to shift listed securities from Trade for Trade to rolling settlement where both depository connectivities exist and the dematerialisation of non promoter holdings meets the prescribed threshold, evidenced by a certificate from the Registrar and Share Transfer Agent or, if no RTA, from a practicing Company Secretary/Chartered Accountant; exchanges must confirm absence of other grounds for continued TFTS and report actions to SEBI in the Monthly/Quarterly Development Report.
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 must be met before shifting securities from trade for trade to rolling settlement.
SEBI directed exchanges to shift listed securities from Trade for Trade to rolling settlement where both depository connectivities exist and the dematerialisation of non promoter holdings meets the prescribed threshold, evidenced by a certificate from the Registrar and Share Transfer Agent or, if no RTA, from a practicing Company Secretary/Chartered Accountant; exchanges must confirm absence of other grounds for continued TFTS and report actions to SEBI in the Monthly/Quarterly Development Report.
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