Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement

Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement https://www.taxtmi.com/circulars?id=58230 Stock exchanges may shift securities from Trade for Trade Settlement to Normal Rolling Settlement if the issuer has connectivity with both depositories, at least fifty percent of non promoter holdings are dematerialized (certified by the RTA or, if no RTA, by a practicing company secretary/chartered accountant) and there are no other grounds for continued TFTS; exchanges must report actions taken to the regulator in their development reports. en-us Tue, 24 Sep 2013 00:00:00 +0530 Thu, 13 Dec 2018 14:41:00 +0530 TaxTMI RSS Generator Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement https://www.taxtmi.com/circulars?id=58230 Stock exchanges may shift securities from Trade for Trade Settlement to Normal Rolling Settlement if the issuer has connectivity with both depositories, at least fifty percent of non promoter holdings are dematerialized (certified by the RTA or, if no RTA, by a practicing company secretary/chartered accountant) and there are no other grounds for continued TFTS; exchanges must report actions taken to the regulator in their development reports. Circulars SEBI Tue, 24 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58230