From SEBI circular MRD/DoP/SE/Cir-04/08 dated 14.3.2008
It is observed from the information provided by the depositories that the companies listed in Annexure A have established connectivity with both the depositories during the month of December 2007.
The stock exchanges may consider shifting the trading in these securities to rolling settlement subject to the following:
a) At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFT segment to Rolling segment. For this purpose, the listed companies shall obtain a certificate from its Registrar and Transfer Agent (RTA) and submit the same to the stock exchange/s. However, if an issuer-company does not have a separate RTA, it may obtain a certificate in this regard from a practicing company Secretary/Chartered Accountant and submit the same to the stock exchange/s.
b) There are no other grounds/reasons for continuation of the trading in TFTS.
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