The Securities and Exchange Board of India (SEBI) on Wednesday stipulated that all companies should achieve 100 per cent dematerialisation in promoters and promoter group's shareholding by the quarter ended September 2011. Presently securities of companies are to be traded in normal segment, “if and only if, the company has achieved at least 50 per cent non-promoter shareholding in dematerialised form and maintained the same on a continuous basis.”
In all cases, wherein the companies do not satisfy this criteria, trading in securities of such companies shall take place in trade for trade segment.
