Dematerialisation threshold for settlement: securities may move to rolling settlement once non promoter holdings are predominantly demat. SEBI directs exchanges to shift securities from the Trade for Trade Segment to rolling settlement where issuers have connectivity with both depositories, provided at least half of non promoter holdings are dematerialised certified by the RTA or, if no RTA exists, by a practicing Company Secretary or Chartered Accountant, and provided there are no other grounds to continue trading in the Trade for Trade Segment; exchanges must report the actions 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 threshold for settlement: securities may move to rolling settlement once non promoter holdings are predominantly demat.
SEBI directs exchanges to shift securities from the Trade for Trade Segment to rolling settlement where issuers have connectivity with both depositories, provided at least half of non promoter holdings are dematerialised certified by the RTA or, if no RTA exists, by a practicing Company Secretary or Chartered Accountant, and provided there are no other grounds to continue trading in the Trade for Trade Segment; exchanges must report the actions in the Monthly Development Report.
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