STOCK APPRECIATION RIGHTS SCHEME (SAR SCHEME) - Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
STOCK APPRECIATION RIGHTS SCHEME (SAR SCHEME) - Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Regulation 23 - Administration and implementation.
Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Part C STOCK APPRECIATION RIGHTS SCHEME (SAR SCHEME)
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Stock appreciation rights scheme: equity or cash settlement allowed, fractional shares to be cash settled and disclosures required. A SAR scheme must specify how it will be implemented and operated; a company may adopt cash settled or equity settled SARs, but any fractional shares ... Summary
Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Stock appreciation rights scheme: equity or cash settlement allowed, fractional shares to be cash settled and disclosures required.
A SAR scheme must specify how it will be implemented and operated; a company may adopt cash settled or equity settled SARs, but any fractional shares arising on equity settlement must be settled in cash. Offers of SARs cannot be made to prospective grantees until the company has provided the disclosures required by the Regulations (Part G of Schedule I).
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