The Securities and Exchange Board of India on November 21, 2025, issued the Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2025, to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.
The following amendments have been stated:
• In regulation 24 (1)-
o In clause (b), the word and symbol “and” shall be omitted;
o In clause (c), the symbol “.” shall be substituted with the word and symbols “; and,”;
o After clause (c), the words and symbols “(d) executive directors:” shall be inserted.
• In regulation 24 (7), after the words “managing director”, the words “and executive directors” shall be inserted;
• In regulation 26, in the title, after the word “Appointment” and before the words “of managing director”, the words and symbol “role and responsibilities” shall be inserted;
They shall come into force on the thirtieth day from the date of their publication.
Please refer to the document attached below for more details.
[Notification No. SEBI/LAD-NRO/GN/2025/275]
