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=58654 Stock exchanges may shift trading in securities of companies with connectivity to both depositories from Trade for Trade Settlement to normal Rolling Settlement only if at least 50% of the shareholding other than promoter holdings is in dematerialized mode, supported by a certificate from the company's RTA or, if no RTA exists, a practicing Company Secretary/Chartered Accountant, and provided there are no other grounds for continuation of TFTS; exchanges must report action taken to the regulator in Monthly/Quarterly Development Reports. en-us Mon, 22 Feb 2010 00:00:00 +0530 Tue, 25 Dec 2018 15:50:00 +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=58654 Stock exchanges may shift trading in securities of companies with connectivity to both depositories from Trade for Trade Settlement to normal Rolling Settlement only if at least 50% of the shareholding other than promoter holdings is in dematerialized mode, supported by a certificate from the company's RTA or, if no RTA exists, a practicing Company Secretary/Chartered Accountant, and provided there are no other grounds for continuation of TFTS; exchanges must report action taken to the regulator in Monthly/Quarterly Development Reports. Circulars SEBI Mon, 22 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58654