Regulatory Alerts2025-07-30
Extension of Timeline for Implementation of Phase II and III of Nomination Circular
The Securities and Exchange Board of India (SEBI) has extended the implementation deadlines for Phase II and Phase III of the Nomination Circular originally issued in January and February 2025. Phase II implementation is deferred to August 8, 2025, while Phase III is postponed to December 15, 2025, to accommodate operational difficulties and system development requirements expressed by depositories and industry associations. All other provisions of the referenced circulars remain unchanged, with the extensions granted to protect investor interests and facilitate market readiness.
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