Whether Employee Welfare Trusts acts as an Intermediary for Employees Welfare or a Portfolio Manager for the Promoters??
With the intent to create belongingness value for the real jewels i.e. Employees of the Company, nowadays, large no. of companies in India are settling their Welfare arm (i.e. Employee Welfare Trusts) for extending various benefits like Medical / Education / Retirement Benefits etc. Ms. Mohini Varshney Assistant Vice President +919971673332 mohini@indiacp.com Apart from extending above benefits, the c ompanies are using these Trusts to channelize monetary values to the Employees via Employee Stock Options Plan whereby such Welfare Trusts are being used either for transferring direct ownership rights to the Employees i.e. equity shares or the monetary benefit arising out of the equity shares. Prior to the SEBI Circular dated 17th January,