Regulation 17K - Manner of allotment of units to the employee benefit trust by the InvIT
Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 Chapter IVB FRAMEWORK FOR UNIT BASED EMPLOYEE BENEFIT SCHEME
Contents
Notifications
Rules & Regulations
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Allotment of units to employee benefit trusts requires unitholder approval and one annual direct issuance under preferential issue rules. Allotment of units to an employee benefit trust in lieu of management fees requires prior unitholder approval, may occur only once per financial year ... Summary
Allotment of units to employee benefit trusts requires unitholder approval and one annual direct issuance under preferential issue rules.
Allotment of units to an employee benefit trust in lieu of management fees requires prior unitholder approval, may occur only once per financial year within ninety days of the annual valuation, must comply with Board guidelines for preferential issue, and must be allotted directly to the employee benefit trust for exclusive use in unit based employee benefit schemes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.