Dematerialisation requirement: securities with dual depository connectivity may shift from trade-for-trade to rolling settlement upon meeting holdings threshold. Shifting trading from the Trade-for-Trade Segment to Rolling Settlement is permitted for companies with connectivity to both depositories if at least 50% of non-promoter holdings are in demat form, certified by the Registrar and Transfer Agent or, where no separate RTA exists, by a practising Company Secretary or Chartered Accountant, and if there are no other grounds for continuation of Trade-for-Trade trading; stock 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: securities with dual depository connectivity may shift from trade-for-trade to rolling settlement upon meeting holdings threshold.
Shifting trading from the Trade-for-Trade Segment to Rolling Settlement is permitted for companies with connectivity to both depositories if at least 50% of non-promoter holdings are in demat form, certified by the Registrar and Transfer Agent or, where no separate RTA exists, by a practising Company Secretary or Chartered Accountant, and if there are no other grounds for continuation of Trade-for-Trade trading; stock exchanges must report actions taken in the Monthly Development Report.
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