2025-12-16
The Securities and Exchange Board of India issued the Sixth Amendment Regulations, 2025, effective December 15, 2025, to standardize terminology within the Listing Obligations and Disclosure Requirements Regulations, 2015. The amendment mandates the substitution of the term "Share Transfer Agent" with "Registrar to an Issue and Share Transfer Agent" across multiple regulations and schedules. This change applies to Regulation 7 and Schedules I, II, III, VI, and VII to ensure consistent regulatory nomenclature.
8423 GI/2025 (1) REGD. No. D. L.-33004/99 xxxGIDHxxx xxxGIDExxx EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY Securities and Exchange Board of India Mumbai, December 15, 2025 Securities and Exchange Board of India [Listing Obligations and Disclosure Requirements] (Sixth Amendment) Regulations, 2025 No. SEBI/LAD-NRO/GN/2025/289.—In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely:-
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 3. In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – I. in regulation 7, a. in the heading, the words “Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”; b. in sub-regulation (1), the words, “share transfer agent” shall be substituted with the words “registrar to an issue and share transfer agent”; c. in the proviso to sub-regulation (1), the words “Category II share transfer agent” shall be substituted with the words “Registrar to an issue and share transfer agent”; d. in sub-regulation (4), the words “share transfer agent” wherever they appear, shall be substituted with the words “registrar to an issue and share transfer agent”. II. in Schedule I, a. in clause (1), the words “Registrar to an Issue and/or Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”; b. in clause (2), the words “Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”. III. In Schedule II, in Part D, in paragraph B, sub-paragraph (3), the words and symbols “Registrar & Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”. IV. In Schedule III, a. in Part A, in paragraph A, sub-paragraph (8), the words “share transfer agent” shall be substituted with the words “registrar to an issue and share transfer agent”; b. in Part B, in paragraph A, sub-paragraph (28), the words “Registrar and Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”; c. in Part C, in paragraph A, sub-paragraph (4), clause (e), the words “registrar to an issue and/or share transfer agent” shall be substituted with the words “registrar and share transfer agent”. V. In Schedule VI, in paragraph A, the words “share transfer agent” shall be substituted with the words “registrar to an issue and share transfer agent”. VI. In Schedule VII, in paragraph C, sub-paragraph (2), clause (f), sub-clause (ii), the words “Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”.
[PART III—Section 4] THE GAZETTE OF INDIA : EXTRAORDINARY 3 AMIT PRADHAN, Executive Director [ADVT.-III/4/Exty./546/2025-26] Footnotes:
4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] k) September 6, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/30. l) November 16, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/47. m) March 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2019 vide notification no. SEBI/LAD-NRO/GN/2019/07. n) May 7, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/12. o) June 27, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/22. p) July 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/28. q) December 26, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/45. r) January 10, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2020, vide notification no. SEBI/ LAD-NRO/GN/2020/02. s) April 17, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide no. SEBI/LAD-NRO/GN/2020/10. t) August 5, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020, vide notification no. SEBI/ LAD-NRO/GN/2020/25. u) October 8, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2020, vide notification no. SEBI/ LAD-NRO/GN/2020/33. v) January 8, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021, vide notification no. SEBI/ LAD-NRO/GN/2021/02. w) May 5, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021, vide notification no. SEBI/ LAD-NRO/GN/2021/22. x) August 3, 2021 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021 vide notification no. No. SEBI/LAD-NRO/GN/2021/30. y) August 3, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021, vide notification no. SEBI/ LAD-NRO/GN/2021/35. z) August 13, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/42.
[PART III—Section 4] THE GAZETTE OF INDIA : EXTRAORDINARY 5 aa) September 7, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/47. bb) December 9, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/55. cc) December 24, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/66. dd) March 22, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/76. ee) April 11, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/79. ff) April 25, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/80. gg) May 25, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/88. hh) December 14, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/103. ii) December 5, 2022 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Seventh Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/109.
6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] jj) December 17, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/117. kk) February 7, 2023 by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/121. ll) March 14, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/131. mm) January 4, 2023 by the Securities and Exchange Board of India (Alternative Mechanism for Dispute Resolution) (Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/137. nn) August 23, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/149. oo) September 19, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/151. pp) September 9, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/155. qq) October 20, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/158. rr) December 21, 2023 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Seventh Amendment) Regulations, 2023, vide notification no. SEBI/LAD-NRO/GN/2023/161. ss) May 17, 2024 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2024, vide notification no. SEBI/LAD-NRO/GN/2024/177. tt) May 10, 2024 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2024, vide notification no. SEBI/LAD-NRO/GN/2024/189. uu) December 12, 2024 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024, vide notification no. SEBI/LAD-NRO/GN/2024/218. vv) March 28, 2025 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2025, vide notification no. SEBI/LAD-NRO/GN/2025/239. ww) May 1, 2025 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2025, vide notification no. SEBI/LAD-NRO/GN/2025/244.
[PART III—Section 4] THE GAZETTE OF INDIA : EXTRAORDINARY 7 xx) September 8, 2025 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2025, vide notification no. SEBI/LAD-NRO/GN/2025/261. yy) August 27, 2025 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2025, vide notification no. SEBI/LAD-NRO/GN/2025/270. zz) December 19, 2025 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2025, vide notification no. SEBI/LAD-NRO/GN/2025/273. amended. SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 15th December, 2025 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (SIXTH AMENDMENT) REGULATIONS, 2025 No. SEBI/LAD-NRO/GN/2025/289.—In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely:-
8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] b. in Part B, in paragraph A, sub-paragraph (28), the words “Registrar and Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”; c. in Part C, in paragraph A, sub-paragraph (4), clause (e), the words “registrar to an issue and/or share transfer agent” shall be substituted with the words “registrar and share transfer agent”. V. In Schedule VI, in paragraph A, the words “share transfer agent” shall be substituted with the words “registrar to an issue and share transfer agent”. VI. In Schedule VII, in paragraph C, sub-paragraph (2), clause (f), sub-clause (ii), the words “Share Transfer Agent” shall be substituted with the words “Registrar to an Issue and Share Transfer Agent”. VII. AMIT PRADHAN, Executive Director [ADVT.-III/4/Exty./546/2025-26] Footnotes:
[PART III—Section 4] THE GAZETTE OF INDIA : EXTRAORDINARY 9 k) September 6, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/30. l) November 16, 2018 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2018/47. m) March 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2019 vide notification no. SEBI/LAD-NRO/GN/2019/07. n) May 7, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/12. o) June 27, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/22. p) July 29, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/28. q) December 26, 2019 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2019, vide notification no. SEBI/ LAD-NRO/GN/2019/45. r) January 10, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2020, vide notification no. SEBI/ LAD-NRO/GN/2020/02. s) April 17, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide no. SEBI/LAD-NRO/GN/2020/10. t) August 5, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020, vide notification no. SEBI/ LAD-NRO/GN/2020/25. u) October 8, 2020 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2020, vide notification no. SEBI/ LAD-NRO/GN/2020/33. v) January 8, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021, vide notification no. SEBI/ LAD-NRO/GN/2021/02. w) May 5, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021, vide notification no. SEBI/ LAD-NRO/GN/2021/22. x) August 3, 2021 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021 vide notification no. No. SEBI/LAD-NRO/GN/2021/30. y) August 3, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021, vide notification no. SEBI/ LAD-NRO/GN/2021/35. z) August 13, 2021 by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/42.