2025-12-11
The Securities and Exchange Board of India (SEBI) has deferred the implementation timeline for Phase III of its Nomination Circular, originally scheduled for December 15, 2025, to a later date to be notified separately. This decision follows stakeholder representations regarding operational difficulties and the need for additional time to complete necessary system developments and process changes. All other provisions from the circulars dated January 10, February 28, and July 30, 2025, remain unchanged and in force.