Dematerialisation requirement enables shift to rolling settlement when depository connectivity and demat non promoter holdings are satisfied. Companies with connectivity to both depositories may be shifted from Trade for Trade to rolling settlement only after meeting the dematerialisation requirement that at least half of non promoter holdings are in demat form, certified by the Registrar and Transfer Agent or, if none, by a practicing Company Secretary or Chartered Accountant, and provided there are no other grounds for continuation in Trade for Trade; exchanges must report actions taken in the monthly 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 enables shift to rolling settlement when depository connectivity and demat non promoter holdings are satisfied.
Companies with connectivity to both depositories may be shifted from Trade for Trade to rolling settlement only after meeting the dematerialisation requirement that at least half of non promoter holdings are in demat form, certified by the Registrar and Transfer Agent or, if none, by a practicing Company Secretary or Chartered Accountant, and provided there are no other grounds for continuation in Trade for Trade; exchanges must report actions taken in the monthly development report.
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