Photo of Bharath Reddy

Partner  in the General Corporate Practice at the Bangalore office of Cyril Amarchand Mangaldas. Bharath advises on entry strategy, foreign investment, investigations and general corporate advisory, specializing in employee stock options, investigations and executive appointment and remuneration. He is also part of the core team of the firm’s Corporate Governance Centre, the first of its kind, it is the centrepiece of the Firm’s thought leadership and advisory initiatives in the practice area, which focuses on advising various stakeholders in the governance space. Bharath can be reached at

Widened scope of ‘employee under the New SEBI ESOP Regulations


The Securities and Exchange Board of India had notified the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (“New SEBI ESOP Regulations”), on August 13, 2021. The New SEBI ESOP Regulations govern all share-based employee benefit schemes dealing in securities, including employee stock options, employee share purchase, stock appreciation rights, general employee benefits and retirement benefits (“Share Based Benefit Schemes”). The New SEBI ESOP Regulations also include regulations on sweat equity shares.

Continue Reading Widened scope of ‘employee’ under the New SEBI ESOP Regulations