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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>The circular permits shifting listed securities to normal Rolling Settlement where companies have established connectivity with both depositories, subject to the condition that a majority of non promoter holdings are held in dematerialized form. Certification of dematerialisation must be provided by the Registrar and Transfer Agent or, if none exists, by a practicing Company Secretary or Chartered Accountant. Exchanges must ensure no other grounds justify continued Trade for Trade Settlement and must report the action taken in their periodic development reports.</description>
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      <description>The circular permits shifting listed securities to normal Rolling Settlement where companies have established connectivity with both depositories, subject to the condition that a majority of non promoter holdings are held in dematerialized form. Certification of dematerialisation must be provided by the Registrar and Transfer Agent or, if none exists, by a practicing Company Secretary or Chartered Accountant. Exchanges must ensure no other grounds justify continued Trade for Trade Settlement and must report the action taken in their periodic development reports.</description>
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