Deferment of timeline for implementation of Phase III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025 and July 30, 2025
Summary
SEBI is deferring the implementation timeline for Phase III of its Nomination Circular from December 15, 2025, to a future date to be notified separately. This decision follows representations from stakeholders regarding operational difficulties and structural implications of the earlier mandates. All other provisions from the original January 10, 2025 circular and subsequent amendments remain unchanged.
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it has been decided to defer the timeline for implementing the aforesaid Circular from December 15, 2025 to a further date to be notified separately.
The provisions of this circular shall come into force with immediate effect.
All other provisions in the aforementioned circulars dated January 10, 2025, February 28, 2025 and July 30, 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, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Deferment of timeline for implementation of Phase III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025 and July 30, 2025. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.