Compulsory dematerialised trading imposed where depository connectivity exists, with non connected scrips confined to trade for trade settlement. Compulsory dematerialised trading is mandated for specified scrips that have established connectivity with both depositories; those meeting the connectivity requirement will be placed on normal trading and, following a three month interval from the connectivity date, will be compulsorily traded in dematerialised form for all investors. Scrips failing to establish connectivity by the scheduled dates will be confined to the exchanges' trade for trade settlement window until compliance, and the circular provides annexed lists identifying scrips subject to each treatment.
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Provisions expressly mentioned in the judgment/order text.
Compulsory dematerialised trading imposed where depository connectivity exists, with non connected scrips confined to trade for trade settlement.
Compulsory dematerialised trading is mandated for specified scrips that have established connectivity with both depositories; those meeting the connectivity requirement will be placed on normal trading and, following a three month interval from the connectivity date, will be compulsorily traded in dematerialised form for all investors. Scrips failing to establish connectivity by the scheduled dates will be confined to the exchanges' trade for trade settlement window until compliance, and the circular provides annexed lists identifying scrips subject to each treatment.
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