Photo of Dipti Khatri

Associate in the General Corporate Practice at the Bangalore office of Cyril Amarchand Mangaldas. Dipti advises on entry strategy and general corporate advisory, specializing in employee stock options, executive appointment and remuneration matters. She can be reached at dipti.khatri@cyrilshroff.com

Widened scope of ‘employee under the New SEBI ESOP Regulations

Background:

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.


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