SEBI decided to review SEBI (ESOS and ESPS) Guidelines, 1999
SEBI at its Board Meeting, has approved the proposal to review the existing regulatory framework on Employee Stock Option Scheme (ESOS) and Employee Stock Purchase Scheme (ESPS) for listed entities and frame regulations for Employee Benefit Schemes involving shares of the company, replacing the existing SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 . Ms. Mohini Varshney Assistant Vice President +919971673332 mohini@indiacp.com The proposed Regulations will, inter alia, cover all Employee Benefit Schemes which, directly or indirectly, deal in shares of the company. SEBI has intended to address the following issues through Regulations: 1. Composition of Trusts, 2. Secondary market acquisitions under Schemes and 3. Enhanced disclosures and better enforceability.