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of <h1>Depositories Must Follow New Director Transition Rules with Mandatory Cooling-Off Periods and Strict Approval Processes</h1> The Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2025 introduces modifications to director appointment rules for depositories. The amendment establishes cooling-off periods and approval requirements for non-independent and public interest directors when transitioning between depositories, recognized stock exchanges, and clearing corporations, ensuring regulatory oversight and preventing potential conflicts of interest.
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