The Legal Library section collates quality and in-depth reports on regulatory developments, court rulings and policy changes authored by India’s top law firms and consultants. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of law and policy.
The Securities and Exchange Board of India has notified SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 on August 13, 2021.
These regulations have merged the erstwhile SEBI (Issue of Sweat Equity) Regulations, 2002 and SEBI (Share Based Employee Benefits) Regulations, 2014, into a single regulation.
Some of the key changes implemented are as under:
Change in the definition of ’employee’,
Coverage of employees of group companies including associate company,
Option for companies to change the manner of administration from direct route to trust route and vice versa, subject to conditions,
Increase in time limit for appropriation of shares acquired by the trust under secondary acquisition,
Relaxation to vesting conditions and lock-in requirements in specific circumstances.
Click on the attachment to read the full report:
DISCLAIMER
This alert does not constitute legal advice and is for information purpose only. This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
