Compulsory dematerialised trading requires depository connectivity and entails trade-for-trade restrictions for non-compliant scrips. SEBI requires companies to establish connectivity with both depositories and imposes a three-month interval between establishing connectivity and commencement of compulsory dematerialised trading; companies that fail to connect by the scheduled date remain restricted to the trade-for-trade settlement window. Of 723 scrips on trade-for-trade, 90 have connected and will move to the normal trading segment from June 18, 2001, becoming compulsorily dematerialised three months later.
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.
Compulsory dematerialised trading requires depository connectivity and entails trade-for-trade restrictions for non-compliant scrips.
SEBI requires companies to establish connectivity with both depositories and imposes a three-month interval between establishing connectivity and commencement of compulsory dematerialised trading; companies that fail to connect by the scheduled date remain restricted to the trade-for-trade settlement window. Of 723 scrips on trade-for-trade, 90 have connected and will move to the normal trading segment from June 18, 2001, becoming compulsorily dematerialised three months later.
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