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    <title>Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement</title>
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    <description>Companies with connectivity to both depositories may be shifted from Trade-for-Trade Settlement to normal Rolling Settlement if at least fifty percent of non-promoter holdings are dematerialised and there are no other grounds to continue TFTS. The dematerialisation level must be certified to the stock exchanges by the Registrar and Transfer Agent, or by a practicing company secretary or chartered accountant where no separate RTA exists. Stock exchanges must report actions taken in their development reports.</description>
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      <description>Companies with connectivity to both depositories may be shifted from Trade-for-Trade Settlement to normal Rolling Settlement if at least fifty percent of non-promoter holdings are dematerialised and there are no other grounds to continue TFTS. The dematerialisation level must be certified to the stock exchanges by the Registrar and Transfer Agent, or by a practicing company secretary or chartered accountant where no separate RTA exists. Stock exchanges must report actions taken in their development reports.</description>
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