SEBI Amends LODR Regulations to Standardise Terminology for Registrars and Share Transfer Agents [Read Notification]

The Securities and Exchange Board of India (SEBI) issued a notification dated December 15, 2025, announcing amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amendments were notified as the Sixth Amendment Regulations, 2025, came into force from the date of publication in the Gazette of India

The new amendment focuses on bringing uniformity in terminology used across SEBI’s listing regulations, particularly in relation to intermediaries handling share registry and transfer-related functions for listed companies.

Under the amended rules, SEBI has replaced the term “Share Transfer Agent” with “Registrar to an Issue and Share Transfer Agent” wherever it appears in the Listing Obligations and Disclosure Requirements (LODR) Regulations. This change aligns the LODR framework with SEBI’s recently notified regulations governing registrars and share transfer agents.

SEBI intended to remove ambiguity and ensure consistency across regulatory filings, disclosures, and compliance certificates submitted by listed entities.

Key areas where changes have been made include:

• Regulation 7 of the LODR Regulations, which deals with the appointment and responsibilities of intermediaries handling share transfer and registry work.
• Schedules I, II, III, VI, and VII, which cover corporate governance disclosures, compliance reporting, investor grievance redressal, and periodic filings.
• References in disclosure formats, compliance certificates, and governance reports now uniformly use the revised term

Registrars to an Issue and Share TransferAgents play an important role in India’s capital markets. Their responsibilities include maintaining shareholder records, processing share transfers, handling corporate actions such as dividends and bonuses, and resolving investor complaints.

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The amendment applies to all listed companies, stock exchanges, and registered intermediaries. SEBI said the changes are part of its ongoing efforts to modernise the regulatory framework and improve transparency in the securities market.

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