Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Chapter II SCHEMES-IMPLEMENTATION AND PROCESS
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Compensation committee oversight required to administer share based and sweat equity schemes and ensure securities law compliance. A company must constitute a compensation committee to administer share based employee benefit and sweat equity schemes, delegating administration to a ... Summary
Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Compensation committee oversight required to administer share based and sweat equity schemes and ensure securities law compliance.
A company must constitute a compensation committee to administer share based employee benefit and sweat equity schemes, delegating administration to a trust where applicable; membership must follow listing regulation board composition and the committee may be the nomination and remuneration committee. The committee must formulate detailed scheme terms per Part B of Schedule I and adopt policies to prevent violations of securities laws, including insider trading and unfair trade practice rules, applicable to the trust, company and employees.
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