Extension of timeline for implementation of Phase II & III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025
Summary
SEBI extends the implementation timeline for Phase II of the Nomination Circular to August 8, 2025. The deadline for Phase III implementation is deferred to December 15, 2025. All other provisions from the original January and February 2025 circulars remain unchanged.
Text
it has been decided to extend the timeline for implementation of Phase II of Nomination Circular to August 08, 2025.
Phase III of Nomination Circular stands deferred to December 15, 2025.
All other provisions in the aforementioned circulars dated January 10, 2025 and February 28, 2025 shall continue to remain the same.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 60A of the SEBI (Depositories and Participants) Regulations, 2018 and Regulation 29A of the SEBI (Mutual Funds) Regulations, 1996.
Source: SecMarx — Extension of timeline for implementation of Phase II & III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.