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=58555 Shifting securities from Trade for Trade Settlement to Rolling Settlement is permitted for companies with connectivity to both depositories provided at least half of non promoter holdings are in dematerialized form verified by an RTA certificate (or by a practicing Company Secretary/Chartered Accountant if no RTA exists), and provided there are no other grounds for continued TFTS; stock exchanges must report action taken to SEBI in their development reports. en-us Tue, 28 Dec 2010 00:00:00 +0530 Fri, 21 Dec 2018 13:11:00 +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=58555 Shifting securities from Trade for Trade Settlement to Rolling Settlement is permitted for companies with connectivity to both depositories provided at least half of non promoter holdings are in dematerialized form verified by an RTA certificate (or by a practicing Company Secretary/Chartered Accountant if no RTA exists), and provided there are no other grounds for continued TFTS; stock exchanges must report action taken to SEBI in their development reports. Circulars SEBI Tue, 28 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58555